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PensionsEurope represents national associations of pension funds and similar institutions for workplace and other funded pensions. Some members operate purely individual pension schemes.
PensionsEurope has 24 member associations in 18 EU Member States and 3 other European countries.
PensionsEurope member organisations cover different types of workplace pensions for over 110 million people. Through its Member Associations PensionsEurope represents more than € 4 trillion of assets managed for future pension payments. In addition, many members of PensionsEurope also cover personal pensions, which are connected with an employment relation.
PensionsEurope also has 28 Corporate and Supporter Members which are various service providers and stakeholders that work with IORPs.
PensionsEurope has established a Central & Eastern European Countries Forum (CEEC Forum) to discuss issues common to pension systems in that region.
PensionsEurope has established a Multinational Advisory Group (MAG) which delivers advice on pension issues to PensionsEurope. It provides a collective voice and information sharing for the expertise and opinions of multinationals.
Economics and Finance
Pension funds play an important role in the long-term financing of the EU’s real economy and contributing to jobs and growth in Europe. The amount of pension funds’ assets invested in the European Economic Area (EEA) differs between Member States and ranges from 45% to over 75%.
Pension funds increase the amount of market-based financing available to the economy and improve the efficiency of financial intermediation. Countries with a substantial funded pension funds sector tend to have better developed capital markets. Many non-euro area investments can also have a positive impact on Europe indirectly, as many companies or part of their European business is financed via capital markets around the world.
Growing, developing, and stable economy attracts investments. If investment opportunities in Europe will improve, the stake of the European investments by pension funds will increase accordingly. Implementing the European Commission’s CMU action plan would be very helpful in this respect.