Ireland is among the European countries set to capitalise on the recent EU pensions directive, according to a report by business information company Datamonitor.
The report ‘The Pensions Common Market: Seizing the opportunities of the European Pensions Directive’ evaluates whether the directive will succeed and determines the benefits for asset managers and multinationals. It says Ireland, along with the UK and Holland, is in a strong position to benefit from the directive over their European counterparts.
According to managing analyst with Datamonitor, Nicholas Stephens, the directive should prove successful here. ‘Irish pension schemes have relatively low levels of state support, combined with a strong asset management industry’, he says. |
