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Euronews

Paula Soler

EU urges capitals to improve citizens' private pension options as pressure on state schemes grows

European Union Commission

The European Union is urging its member states to boost private pension schemes as state pension funds come under strain from ageing populations.

As part of its push, the European Commission is proposing a two-pronged approach: giving citizens more opportunities to build an “adequate” retirement income, and mobilising up to €10 trillion in bank deposits across the bloc to support strategic EU priorities – in particular defence and security and the digital and green transitions.

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