Carmignac Gestion teams up with CEPS-ECMI to research pensions

Paris investment house Carmignac Gestion has sponsored the publication of the report carried out by CEPS (Center for the European Policy Studies) on long-term and retirement savings.

The CEPS Report “Saving for Retirement and Investing for Growth” addresses the increasing need for long-term investments and a growing pension gap in Europe, as well as the difficulties life insurers have to face in an environment of low interest rates and revised prudential standards, Carmignac said.

The report is the result of a year of independent research, carried out by the European think-tank CEPS-ECMI, including a series of Task Force meetings with experts and regulators to formulate practical, actionable recommendations aimed at fostering economic growth and tackling the pension gap in Europe.

The research considers the potential to steer household financial wealth – accounting for over half of total financial wealth in Europe – towards long-term investing, which would achieve two goals at once: higher growth and higher pensions.

The report includes guidelines on establishing a pan European regulatory framework to ensure the quality and accessibility of simple standardized long-term investment solutions for European retail investors.

According to the report policy-makers need to act decisively to deliver a level playing-field and encourage a broader access to defined contribution pension plans, including creating some “default” solutions.

Didier Saint-Georges, member of the Investment Committee of Carmignac Gestion said: “The CEPS-ECMI report reveals a need to encourage asset managers to deliver more simple and transparent products that can be easily accessed anywhere to a large number of investors across Europe through a system of open architecture.”

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