Pensions - Articles - EIOPA consults on Pan-European personal pension product


The European Insurance and Occupational Pensions Authority (EIOPA) published today a Consultation Paper on the creation of a standardised pan-European Personal Pension Product (PEPP).

 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 objective, 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. More information on the event can be found here

 The consultation period will end on 5 October 2015. Please note that comments submitted after the deadline or not submitted on the provided template cannot be processed.

 The consultation paper and the template for comments can be viewed here.

Back to Index


Similar News to this Story

Wish list for the occupational pensions industry in 2025
As one year closes and another begins, it's an opportune moment to set our sights on the future. The UK occupational pensions industry faces nume
PSIG announces outcome of Consultation
The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, today announced the feedbac
Transfer values fell to a 12 month low during November
XPS Group’s Transfer Value Index reached a 12-month low, dropping to £151,000 during November 2024 before then recovering to its previous month-end po

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.