Bridging The Participation Gap: How Empowering EU Retail Investors Is Pivotal To Decency In Retirement - FESE Statement To Mark European Retirement Week 2022

Amid a severely challenging socioeconomic environment, marked by high levels of inflation, persistent social inequality and rising old-age poverty, European public budgets and private savings, alike, are coming under substantial pressure. The conjunction of these crises with environmental breakdown serves only to reinforce the precarity of Europe’s long-term prosperity. All this in a moment when European households are keeping €10 trillion of cash[i] in their bank accounts, three times more in relative terms than US households. If Europe is to ensure an adequate retirement income for all, for the years to come, facilitating greater access for citizens to channel more of their savings into simple and cost-efficient pension products will be crucial.

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