PENSION TRACKING SYSTEM APPLICATION: A NEW SUPERVISION CHALLENGE IN THE EU
STANISLAV DIMITROV, ELROI HADAD
Abstract:
Different areas serve as sources of pension protection for the citizens of the European Union. Along with pensions from public systems, capital pensions are playing an increasing role. Financial institutions-providers of pension savings products operate on a different business model; the diversity cause difficulties in tracking individual’s pension savings, and in promoting pension protection. The pension tracking system is seen as a mechanism for achieving a more efficient market for pension products. This paper examines the development of the pension tracking system (PTS) for European Union member states with multi-pillar pension system. We study the application of the PTS in Bulgaria, to exemplify the structure of the PTS for other EU member states. We conclude that the development of PTS is a necessary set of measures that would be a prerequisite for improving the well-being of the savers.
Keywords:
national pension tracking system, European tracking service on pensions, pension dashboard
DOI: 10.52950/ES.2022.11.2.004
PDF:
Download
APA citation:
STANISLAV DIMITROV, ELROI HADAD (2022). Pension tracking system application: A new supervision challenge in the EU. International Journal of Economic Sciences, Vol. XI(2), pp. 48-57. , DOI: 10.52950/ES.2022.11.2.004
Data:
Received: 26 Aug 2022
Revised: 7 Oct 2022
Accepted: 10 Nov 2022
Published: 24 Nov 2022
Copyright © 2022, Stanislav Dimitrov et al, sdimitrov@vuzf.bg