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EIOPA invites stakeholders and interested parties to provide their feedback on the proposals for the creation of the PEPP, which is envisaged to be a long-term retirement savings product. The overall objective of the proposal is to encourage EU citizens to save for an adequate retirement income by creating a simple, transparent, cost-effective and trustworthy product.
To achieve this, EIOPA suggests the creation of a harmonised legal framework for an internal European PEPP market. This framework would ensure a level playing field between all providers; remove existing barriers to cross-border business and, thus, facilitate cross-border offering of PEPPs to consumers; as well as facilitate a multi-pillar approach to pension saving.
During the consultation period, on 7 September 2015, EIOPA will host a public event, which will give stakeholders an opportunity to actively contribute and share ideas on the creation of the PEPP.
The consultation period will end on 5 October 2015.