Belgium pushes for cross-border pensions

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

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