Summary of Findings

Abstract

The demographic shift in the population of the EU and the resulting need for supplementary occupational and private pensions; efforts to harmonise the European capital markets, most forcefully expressed at present by the introduction of the single currency; the trend towards asset accumulation among savers; competitive pressure from the USA, and the prospect of legislation that fails to consider practical realities, at least in part, should all be an incentive for the EU fund industry to develop its own Asset Management Standards.