Liechtenstein joins the fray [FL]

On 23 August, the Liechtenstein government has decided to join the competition to become the most favourable location for pan-European pension funds by adopting a bill to transpose the Pensions Directive into national law. The report 78/2006 should become available here shortly. It is expected that the bill will become law on 1 January 2007, together with the attached regulation which is in the final stages of being drafted.