Development of capital pension funds in the Czech Republic and Bulgaria and readiness to implement Pepp
Bibliographic Data
| ID | 12627477 |
|---|---|
| Authors | Elroi Hadad (0000-0001-5808-7098, Shamoon College of Engineering (SCE), Israel, corresponding author), Stanislav Dimitrov (0000-0002-2238-2180, VUZF, Bulgaria), Jivka Stoilova-Nikolova (VUZF, Bulgaria) |
| Year | 2022 |
| Volume | 24 |
| Issue | 4 |
| Pages | 342-360 |
| Publication date | 2022-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | European Journal of Social Security (JOURNAL) |
| Journal identifiers | ISSN: 1388-2627 • E-ISSN: 2399-2948 |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.1177/13882627221150542 |
| OpenAlex | W4320030108 |
| Language | EN |
| References cited | 18 |
Unfavourable demographic trends are exerting more pressure on public pension systems in all European countries, and the need for alternative sources of pension provision is increasing. Personal pension products can be considered as a possible solution to the problem of providing adequate pensions. The pan-European personal pension product (PEPP) is the first standardised pension product subject to a uniform EU regime. Now that the regulatory framework for PEPP has been established at the EU level, it is up to the Member States to create an appropriate legal environment in order to promote the successful development of PEPP. This article examines the role of voluntary pension funds and the readiness to implement PEPP in the selected countries. We focus on the Czech Republic and Bulgaria, where the role of private pension funds is growing. We examine how PEPP can fit into the national pension systems and make some proposals regarding regulatory measures to be taken in order to ensure that PEPP is not at a competitive disadvantage against national pension products. We find that PEPP may fill the pension gap in countries where public pensions are the main source of retirement income and the role of occupational pension schemes is insignificant
Business · Czech · Economics · Order (exchange · Pension · Position (finance · Private pension · Product (mathematics · Financial Literacy, Pension, Retirement Analysis · Global Health Care Issues · Retirement, Disability, and Employment · Finance
Averting the old age crisis
Pension Reform in Europe
The Privatization and Marketization of Pensions in Europe
The New Pension Reform as Global Policy
The silent pension pillar implosion
Pension privatization in crisis
The Financial Crisis and Varieties of Pension Privatization Reversals in Eastern Europe
EU Pension policy and financialisation
The political economy of pension financialisation
| Citation velocity | historical |
|---|---|
| Highly cited | No |