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International Wealth Solutions

Europe Retirement Legislative Updates

Below you will find recent legislative developments from across the Europe region, with a focus on retirement.

Country Date Topic Headline Expected Impact Read More
Austria March 2024 Taxation / Social security change List of tax-free employer benefits Medium https://aon.io/4an1axf
  February 2024 Social security change The Social Law Amendment Act 2023 High https://aon.io/4bDXiZW
  September 2023 Taxation / Social security change Inflation Adjustment Ordinance 2024 Medium https://aon.io/3sRYyqv
           
Belarus August 2023 Governance Labor law changes Medium https://bit.ly/3YAr4sy
           
Belgium December 2023 State pension reform Transparency Medium https://aon.io/46ZJTIe
  December 2023 Social security change Target group reduction changes Medium https://aon.io/3RmpPdg
  October 2023 State pension reform Pension reform agreement High https://aon.io/3FhErF3
           
Bulgaria January 2024 Social security change Social security and health insurance legislation in 2024 Medium https://aon.io/3u3i9oC
  January 2024 Social security change State Social Security Budget Act amendments Medium https://aon.io/3TM0gFs
  August 2023 Governance Clarification of social security and health insurance legislation Medium https://bit.ly/3QRpv7M
  August 2023 Healthcare Budget of the state social insurance and the National Health Insurance Fund Medium https://bit.ly/3qohAEe
  April 2023 Social security change 2023 guidelines for 2023 on the legislation on mandatory social security and health insurance Medium https://aon.io/4459ejB
           
Czech Republic January 2024 Governance Changes to employee stock options taxation Medium https://aon.io/4aX6UPk
           
Cyprus February 2024 Social security change Social security contributions - 2024 Medium https://aon.io/3Umr1AI
  October 2023 Pension plan benefits Statutory pension payments Medium https://aon.io/46ChYyI
           
Denmark December 2023 Social security change Proposed measures to amend employment laws Medium https://aon.io/472GZTi
  August 2023 Taxation Tax reporting obligations amended Medium https://aon.io/47mtOxD
  June 2023 Taxation / Social security change L 76 A Proposal for an Act amending the Pension Taxation Act and the Equalization Act Medium https://aon.io/3NrXy4f
  May 2023 State pension reform Pension System Reform Medium https://aon.io/45skCHc
  April 2023 Pension plan benefits Bill to keep seniors working Medium https://aon.io/3osF35A
           
Estonia January 2024 Taxation Tax measures Medium https://aon.io/3vL5Ptz
  April 2023 Social security change Pension and allowances’ rates Medium https://aon.io/3LaQVkp
           
European Union February 2024 Governance Organisation for Economic Co-operation and Development (OECD) report examining public and private pension systems Medium https://aon.io/48hzRD9
  September 2023 Social security change Digitalization in social security coordination Medium https://aon.io/46kfKDM
  July 2023 Governance Proposed directive aimed at improving the working conditions of platform workers High https://aon.io/43luBMa
           
Finland November 2023 Social security change Final calculation for the 2024 indexes Medium https://aon.io/3FLVrUi
           
France January 2024 State pension reform The Financial Markets Authority guidelines on pan-European personal pension product (PEPP) Medium https://aon.io/3tApPPe
  October 2023 Healthcare Social Security Financing Bill N°1682 for 2024 Medium https://aon.io/490LeAI
  October 2023 State pension reform Pension Reform High https://aon.io/46oguYS
  September 2023 Governance New scheme for the mutual termination indemnity Medium https://aon.io/48k1QmO
  September 2023 State pension reform Decrees n° 2023-799 and n° 2023-800 Medium https://aon.io/3ECMMTM
  August 2023 State pension reform Decree in Council of State 2023-752 and decree 2023-754 High https://bit.ly/3KQOjsK
  August 2023 State pension reform Pension reform High https://bit.ly/44oqpLY
  July 2023 State pension reform Decrees 2023-435 and 2023-436 High https://aon.io/46NF068
  May 2023 Social security change Financing of social security law Medium https://aon.io/3OzGvhK
  May 2023 State pension reform Pension reform update Medium https://aon.io/3IFZLGJ
  April 2023 Governance Pension Reform Medium https://aon.io/3HfnUTF
  April 2023 Retirement age Pension reform update High https://aon.io/438WmJ6
  April 2023 Social security change LAW n° 2023-270 of April 14, 2023 on the amending financing of social security for 2023 High https://aon.io/43IOOwR
           
Germany March 2024 State pension reform Proposals to reform pensions High https://aon.io/49iVKlH
  February 2024 State pension reform Digital pension overview Medium https://aon.io/48esGeW
  December 2023 Social security change Thresholds for social security contributions for 2024 Medium https://aon.io/4aaAGjf
  December 2023 Social security change Financing for the Future Act (Zukunftsfinanzierungsgesetz) Medium https://aon.io/3uWdx3S
  July 2023 State pension reform Increase for pensioners Medium https://aon.io/3JP9kni
           
Gibraltar August 2023 Taxation / Social security change Social insurance contribution class table Medium https://aon.io/47pkLMs
  July 2023 Taxation / Social security change 2023 Budget Medium https://aon.io/3OcUAj8
           
Greece November 2023 Taxation / Social security change Reform of Occupational Insurance Funds (TEA) Legislation & Streamlining Provisions of Insurance Legislation Medium https://aon.io/3SJbRV8
  October 2023 Social security change Reduction in social security contributions Medium https://aon.io/3ZXh51f
  June 2023 Taxation Circular regarding taxation of pension income paid to heirs Medium https://aon.io/3p4j9qb
           
Guernsey March 2024 Taxation / Social security change "Guidance for Employers” 2024 Medium https://aon.io/3VfbD9r
  December 2023 Social security change 2024 social security contribution rates Medium https://aon.io/4745bog
  December 2023 Governance Secondary Pensions Law statement of Practice High https://aon.io/3Niaucv
  December 2023 State pension reform Secondary Pensions Law High https://aon.io/3T5LhWx
  October 2023 Social security change Measures to amend the social insurance contribution rates and thresholds Medium https://aon.io/46W9Ybu
           
Hungary November 2023 Taxation / Social security change Proposed tax measures Medium https://aon.io/3tVi46e
  April 2023 Social security change Minimum social security contribution Medium https://aon.io/3nBblLl
           
Ireland February 2024 Governance Government Legislation Programme, Spring 2024 Medium https://aon.io/3UQhFxe
  February 2024 Social security change Social Welfare (Miscellaneous Provisions) Act 2023 High https://aon.io/3wmzV70
  January 2024 Pension plan benefits Auto-enrolment scheme High https://aon.io/3TM0o7U
  January 2024 State pension reform Calculation of fees for occupational pension schemes Medium https://aon.io/4aXdBAR
  December 2023 Governance Social Welfare (Miscellaneous Provisions) Bill 2023 High https://aon.io/47b3pBE
  November 2023 State pension reform Own-risk assessment requirements Medium https://aon.io/470axBL
  November 2023 Pension plan benefits Occupational Pension Schemes (Preservation of Benefits) (Amendment) Regulations, 2023 Medium https://aon.io/3QvYu7U
  November 2023 Governance Family Budget Measures Medium https://aon.io/3SoiMmE
  October 2023 State pension reform Pension Reform High https://aon.io/49kXz39
  July 2023 Pension plan benefits Automatic Enrolment Retirement Savings System Bill 2022 Consultation Medium https://aon.io/3OapLwM
  July 2023 Taxation / Social security change Revenue eBrief No. 158/23 Medium https://aon.io/3ryWjI9
  June 2023 Social security change Updated guidance for determining assumptions used in pension benefit statements Medium https://aon.io/3JqZxmW
           
Italy November 2023 Taxation / Social security change 2024-2026 budget bill Medium https://aon.io/3tYTmlm
  June 2023 Social security change Social security contributions to be paid by the worker: increase in the exemption Medium https://aon.io/3PmMF56
  May 2023 Governance Decree-Law 4 May 2023, n. 48, Urgent measures for social inclusion and access to the world of work Medium https://aon.io/3IEZCTN
           
Isle of Man March 2024 Taxation / Social security change Budget for 2024-25 Medium https://aon.io/3P2qct1
  October 2023 Taxation / Social security change Pension Scheme Administrators Guidance Medium https://aon.io/3tERspK
           
Jersey November 2023 Taxation / Social security change Proposed budget measures Medium https://aon.io/47RETq1
           
Latvia January 2024 Taxation / Social security change Tax exemption for income for employees Medium https://aon.io/3NVlvkg
           
Lithuania February 2024 Taxation Proposal to eliminate the tax for one-time pension fund payouts Medium https://aon.io/4bMyjE6
  November 2023 Taxation / Social security change 2024 Draft Budget tax proposals Medium https://aon.io/3tTVqLn
  October 2023 Taxation / Social security change Proposed amendments to pension and tax laws Medium https://aon.io/3rLttVf
  July 2023 Taxation / Social security change Proposed tax law amendments Medium https://aon.io/3rqWBRn
           
Luxembourg January 2024 Social security change 2024 minimum and maximum annual social security ceilings Medium https://aon.io/3TNOcn6
  January 2024 Taxation / Social security change Publication of the scales of tax withholding on pensions Medium https://aon.io/4b0zhfp
  October 2023 Governance 2023 XML schema and guidance Medium https://aon.io/45QUcOt
  October 2023 Social security change Revised minimum and maximum social security contribution basis amounts Medium https://aon.io/45hUqxq
  August 2023 Taxation Measures for withholding taxes Medium https://bit.ly/3OKT6gE
           
Malta February 2024 Taxation / Social security change Exemption of pension amounts Medium https://aon.io/49E1xTv
  February 2024 Taxation Increase in threshold for pension income Medium https://aon.io/49f0vx0
  May 2023 Taxation / Social security change Tax related legislation on pensions Medium https://aon.io/40riJY2
           
Moldova January 2024 Social security change Social security contributions Medium https://aon.io/3U2TPh8
           
Netherlands October 2023 Taxation 2024 tax plan Medium https://aon.io/3tsjeWF
  July 2023 Taxation Future Pensions Act income tax provisions High https://aon.io/3O0fySh
  July 2023 Taxation Future Pensions Act wage tax provisions High https://aon.io/3O0fySh
  July 2023 Pension plan benefits Future Pensions Act implementation decree Medium https://aon.io/3OjYisx
  June 2023 State pension reform The Future on Pensions Act ("Wet Toekomst Pensioenen") Adopted High https://aon.io/43YRYM6
  June 2023 State pension reform The Future on Pensions Act ("Wet Toekomst Pensioenen") Draft regulations Medium https://aon.io/3NrkaSv
  May 2023 Pension reform Future Pension Acts High https://www.europeanpensions.net/ep/Reaction-Dutch-pension-funds-pleased-with-passage-of-Future-Pensions-Act.php
           
Norway February 2024 Taxation / Social security change Employer contribution to the national insurance for 2024 Medium https://aon.io/4byQgWy
  October 2023 Taxation / Social security change 2024 proposed tax rates and deductions Medium https://aon.io/3Skf7pE
  May 2023 Taxation / Social security change Proposed benefit increases Medium https://aon.io/3IHiema
           
Poland March 2024 State pension reform 2024 pension index Medium https://aon.io/3TofvUy
  October 2023 Taxation / Social security change Pan-European individual pension product High https://aon.io/3EZ7hu1
  October 2023 State pension reform 14th pension guaranteed/Nowe Konkrety plan expanded Medium https://aon.io/3FbXCAo
  May 2023 State pension reform Draft act on a Europe-wide individual pension product Medium https://aon.io/3MfmBHg
  April 2023 Governance New support benefit for people with disabilities Medium https://aon.io/3MQq7bP
           
Portugal December 2023 Retirement age Retirement age for 2024 and 2025 Medium https://aon.io/477o4qm
  November 2023 Social security change Social Security Budget for 2024 Medium https://aon.io/3sh6JwJ
  November 2023 Taxation / Social security change Telework compensation threshold amounts excluded from income or social security contribution Medium https://aon.io/46hYNcx
           
Romania February 2024 Social security change 2024 pension indicators Medium https://aon.io/3SKTIpE
  January 2024 State pension reform Pension amounts and retirement age High https://aon.io/47CYKZx
           
Serbia November 2023 State pension reform Pension and wage increase Medium https://aon.io/47sGGl4
  November 2023 Social security change Calculation of the quarterly contribution base amended Medium https://aon.io/3RiUXvz
  October 2023 Governance Minimum wage increase Medium https://aon.io/3RNkvl0
           
Slovakia December 2023 Healthcare Health insurance contributions Medium https://aon.io/41wP95e
           
Slovenia February 2024 Governance Order on the amount of hourly rates and income for temporary or occasional work by pensioners Medium https://aon.io/49KpNUl
  April 2023 Social security change Decree No. 819 on contributions for personal supplementary work Medium https://aon.io/3MijwGF
           
Spain August 2023 Social security change Royal Decree-Law 2/2023, of March 16 Medium https://aon.io/44vwDK7
  August 2023 Social security change Social security system for workers relocated abroad Medium https://aon.io/3QD3xp7
  April 2023 Pension plan benefits Expansion of pensioners' rights Medium https://aon.io/3MgD2Ds
           
Sweden November 2023 Social security change Income and supplementary pension amount increase Medium https://aon.io/4643M0c
  October 2023 Taxation / Social security change Proposed tax cuts and credits Medium https://aon.io/3Ql9UfV
  October 2023 Taxation / Social security change 2024 budget measures Medium https://aon.io/46lSQMp
           
United Kingdom March 2024 Governance March Monthly Corporate Update Medium https://aon.io/49fkf3t
  March 2024 Taxation Proposed National Insurance contributions (NIC) rate change High https://aon.io/3THMHGH
  March 2024 Investment policy Spring Budget 2024 and Defined Contribution schemes Medium https://aon.io/3Q1wXw3
  March 2024 State pension reform Finance Act 2024 receives Royal Assent High https://aon.io/48Kxr0A
  March 2024 Taxation / Social charges General Levy changes confirmed Medium https://aon.io/498EVKd
  March 2024 Governance Pensions Regulator report on data security incident Medium https://aon.io/3PDis0V
  March 2024 Taxation / Social security change His Majesty's Revenue & Customs (HMRC) Newsletter 156 Medium https://aon.io/3P3Hx55
  March 2024 Pension plan benefits Pensions Regulator consults on statement of strategy for defined benefit schemes Medium https://aon.io/49bUIrY
  March 2024 Pension plan benefits Department for Work and Pensions consults on options for Defined Benefit schemes High https://aon.io/49fIoqx
  February 2024 Governance Lifetime Allowance (LTA) guidance February newsletter Medium https://aon.io/3UXiuVa
  February 2024 Governance Financial Reporting Council (FRC) publishes new version of Actuarial Standard Technical Memorandum (ASTM) 1 Medium https://aon.io/3UPOz0T
  February 2024 Governance Monthly Corporate Update Medium https://aon.io/49ddXBL
  February 2024 Investment policy Guidance on private markets investment Medium https://aon.io/49P2t7F
  February 2024 Pension plan benefits Labour Party to undertake pensions review if elected Medium https://aon.io/3uKOelD
  February 2024 Governance Pensions and Lifetime Savings Association (PLSA) updates Retirement Living Standards Medium https://aon.io/49MVlJ9
  February 2024 Governance February 2024 In Sight Medium https://aon.io/42t790A
  February 2024 State pension reform His Majesty's Revenue & Customs (HMRC's) Newsletter 155 Medium https://aon.io/42BqtZF
  February 2024 Pension plan benefits Funding and investment strategy regulations published High https://aon.io/3uCCB08
  January 2024 Investment policy Joint consultation on improving access to financial support Medium https://aon.io/3u2E0wu
  January 2024 Taxation / Social security change Finance Bill laid before Parliament High https://aon.io/48Kxr0A
  January 2024 Governance Pensions dashboards progress High https://aon.io/3StDvF8
  January 2024 Governance General Code of Practice laid before Parliament High https://aon.io/3HxjPKl
  January 2024 Governance Monthly corporate update Medium https://aon.io/3tK6gnA
  January 2024 State pension reform Deferred pension revaluation percentages Medium https://aon.io/4aWCcWv
  December 2023 State pension reform Government publishes call for evidence on a 'lifetime provider model' High https://aon.io/3RsXUsm
  December 2023 Governance Pension Protection Fund confirms levy proposals for 2024/25 Medium https://aon.io/3thwrlo
  December 2023 State pension reform Autumn Statement 2023 High https://aon.io/47bBSQp
  December 2023 Social security change National Insurance contributions changes Medium https://aon.io/4ailbWw
  December 2023 Governance Government response to its consultation on 'Ending the proliferation of deferred small pension pots' High https://aon.io/47bBUYx
  December 2023 Investment policy Chancellor announces support for investment vehicles for pension schemes High https://aon.io/484M664
  December 2023 Funding legislation Government response to House of Commons' Work and Pensions Committee's inquiry report into defined benefit pensions with Liability Driven Investments (LDI) Medium https://aon.io/3TyOyhc
  December 2023 Governance Government response to its call for evidence on 'Pension trustee skills, capability and culture' Medium https://aon.io/41wH2Fq
  December 2023 Governance Pensions Regulator sets out its expectations for Merger and Acquisition (M&A transactions Medium https://aon.io/477QikP
  December 2023 Taxation / Social charges His Majesty's Revenue & Customs (HMRC) publishes Pension Schemes Newsletter 154 Medium https://aon.io/46UAtxB
  December 2023 Governance Pensions Regulator blog on Defined Benefit (DB) alternative funding arrangements High https://aon.io/3NDuFll
  December 2023 Governance Update on Defined Benefit (DB) funding regulations High https://aon.io/3ROPFYS
  December 2023 Investment policy Government response to its call for evidence on 'Options for Defined Benefit schemes' Medium https://aon.io/3NA3rvR
  December 2023 Pension plan benefits Government response to its consultation on 'Helping savers understand their pension choices: supporting individuals at the point of access' High https://aon.io/3RvXVLT
  November 2023 State pension reform Clara-Pensions agrees first superfund deal Medium https://aon.io/3Rt5zIt
  November 2023 Governance Monthly corporate update Medium https://aon.io/3Rlok0l
  November 2023 Governance Pensions dashboards progress High https://aon.io/3T0kWcs
  November 2023 Risk management Taskforce consults on social factors and pension scheme investment Medium https://aon.io/3T1aFwx
  November 2023 Governance Taskforce on Nature-related Financial Disclosures Medium https://aon.io/3T1awJn
  November 2023 State pension reform His Majesty's Revenue & Customs (HMRC's) Pension schemes newsletter 153 Medium https://aon.io/49pzeJi
  November 2023 Pension plan benefits Pensions Regulator's plans for decumulation guidance Medium https://aon.io/3RjtppJ
  October 2023 State pension reform Pensions (Extension of Automatic Enrolment) Act 2023 High https://aon.io/408OWEo
  October 2023 State pension reform Climate change reporting – first fine issued Medium https://aon.io/47319wJ
  October 2023 Social security change Department for Work and Pensions consults on the General Levy Medium https://aon.io/3tJi4WS
  October 2023 Governance Monthly corporate update Medium https://aon.io/46Jedas
  October 2023 Governance Monthly Corporate Update Medium https://aon.io/3RM4qw6
  October 2023 Governance Updated guidance on pensions dashboards High https://aon.io/3LMCDI5
  October 2023 Social security change Pension Protection Fund consults on 2024/25 levy rules Medium https://aon.io/3teXVaO
  October 2023 Pension plan benefits High Court approves trustee decision to petition for sponsor insolvency Medium https://aon.io/3tq6QGg
  October 2023 Pension plan benefits High Court ruling on reducing future benefits Medium https://aon.io/46d6SA9
  October 2023 Taxation / Social security change Pensions Tax Manual updates Medium https://aon.io/3LWXU1H
  September 2023 Governance Monthly corporate update (1) Medium https://aon.io/3ReNr5h
  August 2023 Taxation / Social security change Finance Bill policy paper raises headlines Medium https://bit.ly/3YAg7qX
  August 2023 Taxation / Social security change Implementation of pensions taxation changes from Spring Budget 2023 High https://aon.io/3qQ8Wyn
  August 2023 Governance Pensions dashboards - amending regulations and updated guidance High https://aon.io/3qOaA3J
  August 2023 Governance Pensions Regulator publishes results of 2022 trust-based Defined Contribution (DC) pension schemes survey Medium https://aon.io/3R0utPE
  August 2023 Governance House of Commons' Work and Pensions Committee launches inquiry into collapsed pension schemes Medium https://aon.io/45Fx7yq
  August 2023 Governance Tribunal upholds a decision by the Pensions Regulator to issue a contribution notice Medium https://aon.io/44xNsEa
  July 2023 Governance Chancellor of the Exchequer's Mansion House speech High https://aon.io/3rDc94m
  July 2023 Governance Chancellor's Mansion House speech Medium https://aon.io/453n5GS
  July 2023 Governance Department for Work and Pensions (DWP) analysis of the gender pensions gap High https://aon.io/44YUzX5
  July 2023 Governance Pensions Regulator’s diversity and inclusion survey Medium https://aon.io/3KeXW4g
  July 2023 State pension reform His Majesty's Revenue & Customs (HMRC) July Newsletter-annual allowance calculator Medium https://aon.io/3OuMvYR
  July 2023 Governance Updated mortality projections model -“CMI_2022" Medium https://aon.io/3NQY76M
  July 2023 Governance Work and Pensions Committee's report on Defined Benefit (DB) pensions with liability driven investments Medium https://aon.io/3Kh8rns
  July 2023 Governance High Court judgment on rule amendments Medium https://aon.io/3KdDyjX
  June 2023 Pension plan benefits Benefit and pension rates 2023 to 2024 Medium https://aon.io/3r4Mnpt
  June 2023 Governance New Pensions Dashboards connection deadline High https://aon.io/3CO7vTy
  June 2023 Governance Pensions Regulator to promote greater professional trusteeship Medium https://aon.io/3NQmGlj
  June 2023 Taxation / Social security change His Majesty's Revenue and Customs (HMRC) Pension Schemes Newsletter Medium https://aon.io/3NIzKcM
  June 2023 State pension reform Deadline for voluntary National Insurance contributions extended Medium https://aon.io/44jrCVm
  June 2023 Governance Monthly corporate update Medium https://aon.io/3Ni1Ife
  June 2023 Governance Pensions Regulator updates guidance on 'Protecting schemes from sponsoring employer distress' Medium https://aon.io/3r9QsZK
  May 2023 Social security change Pensions Regulator publishes Annual Funding Statement 2023 Medium https://aon.io/3qcqzYI
  May 2023 Investment policy Pensions Regulator publishes guidance on leveraged liability-driven investment (LDI) Medium https://aon.io/43n0xAa
  May 2023 Taxation / Social security change His Majesty's Revenue and Customs (HMRC's) Pension Schemes Newsletter 149 Medium https://aon.io/3MVSYLl
  May 2023 Governance In Sight-May 2023 Medium https://aon.io/4337NRW
  May 2023 Governance New Defined Benefit (DB) scheme funding regime delayed High https://aon.io/425k33g
  May 2023 Governance Pensions and Lifetime Savings Association (PLSA) publishes updated Stewardship and Voting Guidelines Medium https://aon.io/3BXmf1S
  May 2023 Governance Taskforce on Social Factors launched Medium https://aon.io/3WA900x
  May 2023 Governance Pensions Regulator launches regulatory initiative on value for members (VFM) Medium https://aon.io/3MTvI0G
  May 2023 Governance Pensions Regulator authorises the UK’s first Collective Defined Contribution (CDC) pension scheme Medium https://aon.io/3IJzOpx
  April 2023 Retirement age State Pension Age review Medium https://aon.io/3Hfw6Dc
  April 2023 State pension reform Work and Pensions Committee's inquiry on the future of Defined Benefit (DB) pension schemes Medium https://aon.io/3VbFDB5
  April 2023 Taxation / Social security change Statutory Instrument No. 307/2023 and Statutory Instrument No. 308/2023 Medium https://aon.io/3ZD2bLD
  April 2023 Governance Automatic enrolment consultation in the autumn Medium https://aon.io/3oNOFIj
  April 2023 Taxation / Social security change Finance (No. 2) Bill 2023 Medium https://aon.io/40vXHIg
  April 2023 Governance Financial Policy Committee's comments on resilience for Liability driven investment (LDI) funds Medium https://aon.io/41W3WoT
  April 2023 Pension plan benefits Living Pension standard launched Medium https://aon.io/3Hdbag8
  April 2023 Governance Monthly corporate update Medium https://aon.io/40FXoJO
  April 2023 State pension reform Pensions Regulator publishes Equality, Diversity and Inclusion (EDI) guidance Medium https://aon.io/3oLm46N
  April 2023 Taxation His Majesty's Revenue and Customs (HMRC) issues lifetime allowance guidance Medium https://aon.io/3MUMsVu

 

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