Currently, there is a dynamic and ongoing imporvement in life expectancies that is not accounted for in pension systems designed to provide financial security in retirement. All over Europe, there are currently employment-based (2nd pillar) pension funds and first pillar pay-as-you-go (PAYG) state pensions systems that are facing huge funding deficits as a result of that.
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Source: JurisNews – Investment Management, 2018
The views expressed in this article reflect some of the author's experience to date on the subject matter. As the Luxembourg fund market continues to develop - namely in relation to Pan-European Pension Products - these views may and will most likely continue to evolve in one way or another. This article should not be construed as legal advice rendered by the author or by NautaDutilh Avocats Luxembourg S.à r.l., nor should it be interpreted as reflecting the views of NautaDutilh Avocats Luxembourg S.à r.l.