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European Insurance and Occupational Pensions Authority

Planning for retirement

Facts and figures about pensions

The pensions savings gap in Europe is a huge protection gap, with more risk associated to it than with natural catastrophe insurance. 

1 in 5
in the EU are at risk of poverty in old age
of people
believe that they would have enough money to live comfortably in retirement,
one third
of a man's pension
women’s pension is likely to be a third less than a that of a man
for every 10 people of working age by 2070
DB -> DC
there is a shift from defined benefits to defined contribution schemes in the EU

Why planning is key