1<br />From Legislative Change to Business Practice:              What Companies Can Gain<br />Leonardo Sforza, Head Resea...
2<br />Growing Interest in EU Pension Fund Vehicle<br /><ul><li>1/2 Companies Provide Occupational Pension
8/10 Consider Cross Border Arrangements Relevant and Valuable
9/10 Ready to Expand Pension …Only If Right Incentives in Place
EU Pension Fund Directive (IORP) Right Legal Vehicle</li></li></ul><li>3<br />A Pan-European Legal Framework for Pension F...
EU Common Goals/Principles
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Leonardo sforza from legislative change to business practice - what compagnies can gain

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Leonardo sforza from legislative change to business practice - what compagnies can gain

  1. 1. 1<br />From Legislative Change to Business Practice: What Companies Can Gain<br />Leonardo Sforza, Head Research Europe and EU Affairs, Aon Hewitt<br />Aon Hewitt - T : +32 2 730 99 11 - E : leonardo.sforza@aonhewitt.com - www.aonhewitt.com<br />
  2. 2. 2<br />Growing Interest in EU Pension Fund Vehicle<br /><ul><li>1/2 Companies Provide Occupational Pension
  3. 3. 8/10 Consider Cross Border Arrangements Relevant and Valuable
  4. 4. 9/10 Ready to Expand Pension …Only If Right Incentives in Place
  5. 5. EU Pension Fund Directive (IORP) Right Legal Vehicle</li></li></ul><li>3<br />A Pan-European Legal Framework for Pension Funds<br /><ul><li>Pension Fund Rules
  6. 6. EU Common Goals/Principles
  7. 7. Country Specific Implementation
  8. 8. Non Discriminatory Tax Treatment
  9. 9. Pension Plan Rules
  10. 10. Local Labour and Social Rules
  11. 11. National Tax Regime </li></li></ul><li>4<br />How Does the EU Pension Fund Work ?<br /><ul><li>Freedom of Choice of Location and Of Service Providers
  12. 12. One Single Fund Covering Multiple Pension Plans
  13. 13. Pooling of Assets and Liabilities
  14. 14. One Investment Policy
  15. 15. One Supervisory Authority
  16. 16. Possibility to Set Common ‘Floor of Rights’ </li></li></ul><li>5<br />Why Are Companies Doing it and What Can they Gain ?<br /><ul><li>Cost Savings and More Effective Financial Management
  17. 17. Simplified Compliance, Improved Risk Management and Governance
  18. 18. More Coherent and Consistent Administration
  19. 19. Re-alignment of Pension Policy to Corporate Strategy
  20. 20. Positive Employer Branding</li></li></ul><li>6<br />Benchmark Analysis of « Home » Country Location <br /><ul><li> Nature and Scope of National Rules
  21. 21. Governance
  22. 22. Funding Requirements
  23. 23. Cross-BorderConsiderations
  24. 24. Tax Framework</li></ul>Belgium <br />(OFP)<br />+++<br />Legal Framework, Stability, Transparency, Experience and <br />Accessibility of Supervisory Authorities Also Matter<br />Sources: Feasibility Study for Creating an EU Pension Fund for Researcher, <br /> Prepared by Hewitt for the EC, June 2010<br />

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