The amount of assets invested in occupational pension plans in Europe has grown by 5.4% over the year to June 2000, according to a study by consultants William M Mercer.
The study, compiled for the company’s European Pension Fund Managers Guide, noted that the total pensions market in Europe was worth $3.9trn in June 2000, compared to $3.7trn in June 1999.
According to William M Mercer’s head of information services, Dianne Alalouf, the growth of occupational pensions in continental Europe can be attributed to equity market growth and pensions reforms taking place in countries such as Sweden, France and Italy.
“This is particularly noticeable in Sweden where state pension liabilities were becoming so great that the government decided to turn to the private sector,” said Alalouf.
By Janet Du Chenne
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