Unveiling the Green Paper
Today, after such a long wait the European Commission's has unconfined the Green Paper on auxiliary pensions in the single market.
The Green Paper depicts that how the limitations on making choice for the investments by pension funds like requirements to endow into a particular state, or in government bonds which might seriously worsen the performance.
As far as the decision from the Commission is concerned it has accepted that it was important to protect workers who falls under the pension schemes, it suggested that the introduction of alternatives to current limitations shall provide the fund managers with more elasticity towards the investment choice.
Apart from this the other major topic of the paper was how to perk up the proceeds on the pension fund investments without negotiating with their integrity.
The Commission further made a point on the improved returns of pension fund investments that were in the wellbeing of not only the workers but for the one who might contribute towards the earned income to their pension schemes and also for the employers.
The commission further added that by curtailing the costs of ancillary pensions for the employers they can curtail the cost of putting a person at the job and then straight contributing towards the creation of jobs and towards the economic growth as well.