The New Pension Mix in Europe

Recent Reforms, Their Distributional Effects and Political Dynamics

by David Natali (Volume editor)
©2017 Edited Collection 298 Pages


This book – based on a research project carried out by the Observatoire Social Européen asbl, with the financial support of the European Trade Union Institute (ETUI) – looks at the most recent developments in pension policy and politics in Europe and advances our understanding of the field in three respects: firstly, it contributes to improve our knowledge of the most recent reform wave passed in the wake of the recent economic and financial crisis; secondly, it assesses the long-term financial and social sustainability of pensions; thirdly, it analyses the politics of pensions and the way policymakers and stakeholders interact in order to address the major challenges to pensions.
The evidence proposed by six country chapters (about Italy, France, Finland, Poland, the Netherlands and UK) and three more transversal chapters (about the role of the EU, that of trade unions in pension reforms, and the main challenges to pension systems in Europe) proves that pension systems have been altered in the wake of the recent crisis. The more evident changes have consisted of: the halt – at least in some countries – of the spread of private pension funds; the improvement in the financial viability of the systems paralleled by more evident risks for the future adequacy of pension benefits; and the alteration of pension politics with the risk of the progressive marginalisation of the trade union movement. In many countries, reforms have been passed without any major social concertation, while the European Union (EU) has had a more evident influence, especially in the countries hit most by the crisis. As a consequence of these trends, we see the emergence of a "new" pension mix in Europe, with new institutional settings, and new challenges.

Table Of Contents

  • Cover
  • Title
  • Copyright
  • About the author
  • About the book
  • This eBook can be cited
  • Table of Contents
  • List of Abbreviations
  • Acknowledgments
  • The New Pension Mix in Europe. Reform Trends, Policy and Political Challenges, Open Research Questions (David Natali)
  • Italian Pensions from “Vices” to Challenges. Assessing Actuarial Multi-pillarization Twenty Years on (Matteo Jessoula / Michele Raitano)
  • France: Squaring the Circle of Unification in a Fragmented Pension System (Marek Naczyk)
  • Reforming Pensions in Finland. Multi-pillar Stability in the Context of Changes within the First Pillar (Mikko Kautto)
  • Instability Despite Consensus. The Reversal of Private Pensions in Poland (Igor Guardiancich)
  • The Netherlands. The Challenges Posed by the Unintended Universal Financialization of Retirement Provision (Johan De Deken)
  • Britain’s Pension Reforms: a New Departure? (Noel Whiteside)
  • The Role of Trade Unions in Pension Policymaking and Private Pension Governance in Europe (Bernhard Ebbinghaus)
  • The Changing EU “Pension Programme”. Policy Tools and Ideas in the Shadow of the Crisis (Igor Guardiancich / David Natali)
  • The New Pension Mix in Europe. Inequality and Two Further Risks (David Natali)
  • List of Contributors
  • Series index

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List of Abbreviations


ISBN (Softcover)
Publication date
2017 (June)
Pension Mix Trade unions Pension system Pension reforms Europe
Bruxelles, Bern, Berlin, Frankfurt am Main, New York, Oxford, Wien, 2017. 294 pp., 15 tables, 17 fig.

Biographical notes

David Natali (Volume editor)

David Natali is Professor of Comparative and EU politics at the Sant’Anna School of Advanced Studies in Pisa and research associate at the Observatoire Social Européen asbl.


Title: The New Pension Mix in Europe