Commission proposal for a regulation on a pan-European personal pension product (PEPP)
04 April 2019
The PEPP, one of the key measures of the Commission’s action plan to strengthen the capital markets union, aims at helping consumers save for retirement.
On 29 June 2017 the Commission launched a proposal that will provide pension providers with the tools to offer a simple and innovative pan-European personal pension product (PEPP).
On 13 February 2019 the EU permanent representatives formally backed the Commission's proposal for a regulation on a pan-European personal pension product (PEPP).
Following the approval, the new Regulation has to be formally adopted by the European Parliament and the Council before it can enter into force.
Full proposal
Reactions:
EFAMA: Good news for European consumers: the European Parliament backs the trilogue agreement on the PEPP
EIOPA welcomes the adoption of the Regulation introducing a Pan-European Personal Pension Product
BETTER FINANCE is happy that the EP adopted the PEPP Regulation but hopes that the major “Guarantee” issue for European Savers can be adequately addressed in the near future
Insurance Europe: EU recognition of role of personal pensions in closing savings gap positive, but whether PEPP will increase pension savings unclear
© European Commission
