News & Updates

Here you can find news and updates relevant to you.

The news at a glance

RESAVER Pension Fund fully operational

31 May 2017

RESAVER Pension Fund has been fully operational since April 2017 when the first participating institution started contributing into the Fund. RESAVER Consortium, Aon and the European Commission are now working on enrolling new organisations and countries in RESAVER, expecting to have 9 countries set up by 2019 and new organisations joining the fund in the first half of 2018.

RESAVER receives regulator endorsement from Italy and Hungary

10 February 2017

After the recent approval by the Belgian regulator to operate a cross-border pension vehicle, the local regulators in Italy and Hungary have now granted authorisation for cross-border pension provision with RESAVER. The RESAVER Pension Fund is expected to receive contributions from its first Hungarian members on 1 March 2017.

RESAVER receives 400,000 EUR additional support from the European Commission

09 February 2017

The RESAVER Pension Fund has been awarded a grant of 400,000 EUR to cover the operating costs for the first year. European Commission continues to generously support RESAVER via various financial and marketing initiatives.

Belgian regulator grants RESAVER the authorisation to provide retirement benefits

15 November 2016

RESAVER has moved a big step closer to going live, with FSMA (the Belgian pensions regulator) having granted authorisation for the RESAVER Pension Fund to provide retirement benefits.

The RESAVER Pension Fund is now expected to be fully operational in December 2016, once regulators in Hungary and Italy confirm the right application of social and labour laws.

Belgian Ministers' decision - another reason to join RESAVER

31 October 2016

A recent decision by the Belgian Council of Ministers clarifies pension taxation for cross-border plans. The decision affects pensions paid from Belgian-based plans like RESAVER. It ensures that pension paid to a non-resident pensioner, with no link to Belgium other than membership of a Belgian-based plan, will not be subject to taxation in Belgium. 

This also confirms the tax neutrality of the RESAVER structure and enhances its attractiveness as a portable pension for mobile researchers in Europe - who join RESAVER through the institutions that employ them.

Join the Consortium and shape the future of RESAVER

01 August 2016

All research institutes – both in the private and public sectors – can join the Consortium and contribute to the RESAVER Pension Fund.

If your organization would like to join, you can download a copy of the 'membership application form', from the link below.

There is no fee for joining RESAVER Consortium and members can leave at any time. 

Since March 2015, RESAVER Consortium has also welcomed 15 new member organisations (representing over 100 institutions across Europe) who are now Associate Members of the Consortium and actively participate in shaping the future of RESAVER via frequent discussions at the Consortium meetings, Working Groups, Mutual Learning sessions and Workshops. The initiative has also been supported by the League of European Research Universities (LERU) and the European Universities Association (EUA).

Find out more about how the RESAVER Consortium works, the benefits of membership, membership criteria and how to join.

Our news archive

Founding members of RESAVER Pension Fund

25 July 2016

The first members to participate in the RESAVER Pension Fund are Central European University (CEU) in Hungary, Elettra Sincrotrone Trieste (Elettra) in Italy and Central European Research Infrastructure Consortium (CERIC-ERIC) an international organisation. Initial contributions are expected to flow into RESAVER during September 2016.

The first appointed directors on the Board of the pension fund are Cristina Garettini (of Elettra) and Gabriella Kemeny (of CEU).

The 20+ additional members of RESAVER Consortium are expected to gradually join the Fund and start contributing in due course.

RESAVER Pension Fund now incorporated

21 July 2016

The RESAVER Pension Fund was incorporated on 14th July 2016 by three founding members – Elettra Sincrotrone Trieste, Central European University and Central European Research Infrastructure Consortium (CERIC-ERIC).

RESAVER confirms extensive provider list

20 July 2016

The RESAVER Consortium launched tenders for various roles for RESAVER Pension Fund during October 2015. The choice of top-level providers reflects a commitment to a state-of-the-art pension arrangement dedicated to European research-related public and private organisations across 31 EEA countries. 

The selection of providers is an important step towards enabling RESAVER Pension Fund to operate successfully. The RESAVER Consortium, supported by Aon Hewitt, named the various service providers for RESAVER Pension Fund, the first European multicountry, multi-employer DC pension fund, during the Board of Directors Meeting hosted by CEU in Budapest during April 2016.

This list of confirmed providers includes the following organistions supporting RESAVER's flexible pensions arrangement as it is rolled out across the EEA: 

  • Accountant:   
    BDO LLP
  • Actuary:    
    Mercer
  • Compliance Officer:    
    Lydian CVBA
  • External Auditor:    
    KPMG 
  • Internal Auditor:    
    Deloitte
  • Investment Management:    
    BlackRock Inc. 
  • Member Administration:    
    Previnet S.p.A 
  • Reinsurance:    
    Scor

The selection process continues for the RESAVER TFR solution (the investment guarantee line for Italy), actuary and reinsurer, which are expected to be appointed during October 2016.

More information regarding the invitations to tender can be found on the RESAVER Procurement website at www.provider-hub.resaver.eu.

A European Pension for a European Labour Market

20 May 2016

The Science and Technology Options Assessment (STOA) are holding a working breakfast under title of 'A European Pension for a European Labour Market'.

This event will be run on Tuesday 24 May 2016 from 08:00 to 09:00, at the European Parliament, Brussels, in the Paul-Henry Spark Building in Room P7C050.

Chair

  • Paul RÜBIG,
    MEP & STOA Chair

Speakers

  • Wolfgang BURTSCHER
    Deputy Director-General, DG Research, European Commission
  • Paul JANKOWITSCH,
    RESAVER Consortium
  • Indi SEEHRA,
    HR Director, London School of Economics
  • Andreas DAHLÉN,
    Policy Officer, DG Research, European Commission

Closing Remarks

  • Paul RÜBIG, MEP & STOA Chair

See the event's marketing poster for more details.

RESAVER IORP appoints Prominent International Providers

25 April 2016

The RESAVER Consortium supported by Aon Hewitt have named Blackrock, Previnet, KPMG, Deloitte, BDO and Lydian as service providers for RESAVER IORP, the first European multi-country, multi-employer DC pension fund.  The project is supported and sponsored by the European Commission via Horizon 2020 Framework. 

You can read the full press release RESAVER IORP appoints Prominent International Providers and view the a library of images from the announcement event which took place in Budapest on 13 April 2016.

RESAVER Website goes live

25 October 2015

We’re pleased to welcome you to the new RESAVER website. From here you can find out about the RESAVER initiative and how you can get involved – for the benefit of your organisation and your employees.

We will be updating the site regularly over the coming months as RESAVER becomes operational, so come back again to make sure you’re up to date on the latest developments.