Finance Watch recommendations for a Pan-European Personal Pension Product
Brussels, 4 April 2018 - Finance Watch published its comments and recommendations regarding the European Commission's proposal for a pan-European Personal Pension Product (PEPP) (COM/2017/0343 final - 2017/0143 (COD)) from June 2017.
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The pan-European Personal Pension Product (PEPP) is an important initiative from the European Commission, to improve the current private pension market. It is, however, unlikely to help most European citizens properly supplement their retirement income. Even if the PEPP contributes to the uptake of private pension products, this will not be sufficient to meet the huge challenges facing pension provision in the EU.