People are generally living longer but retiring earlier than at any time in history. The group of active professionals decreases whilst the number of retirees grows. Employees earn higher salaries and expect to keep the same level of income upon retirement. At the same time, the gap between the level of legal pensions and salaries is widening. The need to provide for a supplement to legal pensions becomes increasingly pressing.
The pension legislation is particularly complex, as it requires consideration and knowledge of a wide range of fields. The law affecting pensions is spread across a number of sources; domestic and European legislation, domestic and European case law developments and international financial reporting obligations must all be considered.
The Deloitte pensions practice is an integrated and multidisciplinary team with in-depth experience in pension issues.