Demographic change is challenging for all European countries, especially for the CEE countries. It will be a very huge challenge for the public finances and for the public pensions to adapt and survive this change. Public pensions systems were much reformed to insure sustainability, but the benefits are obviously less generous, so adequacy remains a big issue. Saving for retirement becomes a very important necessity for EU citizens. Increasing the coverage in pension savings must be a priority for each state, Matti LEPPALA, Secretary General and CEO, PensionsEurope, Chair of OPSG, EIOPA stated for XPRIMM.TV.
He talked about the pensions diversity in Europe, as well as about the trends in the European pensions landscape, and the benefits that the existence of strong pri8vate pensions funds are providing for the local economies, in investment terms and long-term financial stability.