EUROPE - Alan Pickering, chairman of the European Federation of Retirement Provision (EFRP), has outlined his opposition to compulsory employer contributions within Europe's pensions markets.
“I don't believe in compulsion within the private sector,” Pickering said at the latest roundtable on international pensions law hosted by Global Pensions, IPN’s sister publication.
“I don't think that politicians should try and privatise social policy.”
He added: “I think that to compel people to save into market-related vehicles is politically dangerous ... there's no such thing as a free money-back guarantee.”
Pickering’s comments come at a time when the issue of compulsion is increasing in importance.
Pickering also went on to say that he is not in favour of funded state pensions systems, the likes of which Ireland and France have introduced.
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