Monday, April 7, 2008

Belgium pushes for cross-border pensions

Creating a robust cross-border pension market is a priority for the Belgian government, the Belgian Pensions Regulator (BPR) has said.   Speaking at an event organised by Towers Perrin, Henk Becquaert of the BPR outlined the steps the Belgian government has taken to attract multi-national corporations to set up cross-border pension schemes.   Becquaert said cross-border schemes need flexible structures and low taxation to be attractive, which the Belgian government had implemented. Groupacier and Pfizer Pension Fund have set up cross-border pension schemes based in Belgium.   “The legal framework of pension funds in Belgium allows a sponsor to adapt the organisation and structure of a cross-border scheme to its own individual business situation,” he said.

Source:  Global Pensions, http://globalpensions.com/showPage.html?page=gp_display_news&tempPageId=787158

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