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2014 | Business & Finance
Europe is facing a double financial challenge: a significant need for long-term investments to spur economic growth and a growing pension gap. Unfortunately, at a time when low interest rates and tightened prudential standards strain the ability of life insurers and pension funds to offer guaranteed returns, Europe lacks both a framework ensuring the quality and accessibility of long-term investment solutions for small retail investors and defined contribution pension plans. This report offers a potential solution to both problems. Based on the findings of a CEPS-ECMI Task Force on Long-Term Investing and Retirement Savings, the report looks at how to steer household wealth - accounting for over 60% of total financial wealth in Europe - toward long-term investing. This shift could achieve two goals at once: greater economic growth and higher pensions.
Mirzha de Manuel Aramendia
(Author)
| Published by | Centre for European Policy Studies |
| Edition | Unknown |
| ISBN | 9789461383464 |
| Language | N/A |
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