Almost 50% of German companies say they expect to have some sort of pan-European pension scheme in place by 2010 in accordance with a European Union pension fund directive, a survey by Rauser Towers Perrin has found. The new German operation of the U.S. consulting firm found that 42% expect such a scheme in four years, while 5% say they’ll be ready by next year. The survey found that 85% of those polled said such a pan-European pension scheme would make it easier to manage portfolios efficiency, while 80% said the main advantages were greater transparency and an ability to manage risks.
