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Pension tracking system application: A new supervision challenge in the EU

Stanislav Dimitrov () and Elroi Hadad ()
Additional contact information
Stanislav Dimitrov: VUZF
Elroi Hadad: Shamoon College of Engineering

International Journal of Economic Sciences, 2022, vol. 11, issue 2, 48-57

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 (search for similar items in EconPapers)
JEL-codes: G20 G23 G28 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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https://eurrec.org/RePec/aop/jijoes/0082ES.rdf117034?download=4

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