Leading European legal and tax advisor CMS has published its first edition of the International Guide to Pensions, an overview of the current pension regulations across 21 countries in and outside Europe, including Russia.
As uniformity in pension provisions across Europe, for the moment at least, remains some distance away, this study contains detailed characteristics of pension schemes in 21 countries, highlighting key differences, as well as regulatory and taxation requirements. And, as pensions are often the subject of intensive negotiation in transactions, the Guide can help by providing a unique overview of the present ‘market standard’ regarding pensions, both on a pan-European level and within specific jurisdictions.
“Only CMS, with our unmatched footprint across Europe and market-leading position, could pull together such a detailed document,” says Leonid Zubarev, Head of Insurance & Pensions Practice of CMS, Russia. “More and more clients are looking beyond their local markets for business opportunities. The guide will unquestionably be useful to those who adhere to the best international standards when setting up retirement plans, and also during the drafting of amendments to the Russian legislation on pension benefits.”
The 72-page guide provides a chapter for each of the 21 countries, including Russia (full list below), each authored by CMS experts based in the local jurisdiction with extensive experience of local pension regulations. The CMS International Guide to Pensions is available by contacting CMS partner Leonid Zubarev or via our website www.cmslegal.ru.
The 21 countries covered in the guide are: Austria, Belgium, Bosnia and Herzegovina, Bulgaria, China, Croatia, Czech Republic, France, Germany, Hungary, Italy, The Netherlands, Poland, Romania, Russia, Serbia, Slovakia, Spain, Switzerland, Ukraine and the United Kingdom.
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