Final AEIP Position on the Pan-European Personal Pension Product
AEIP extensively discussed and analyzed in its working groups the final proposal of the EC for a Regulation on a Pan-European Personal Pension Product (PEPP) and the proposal for a Recommendation on Tax Treatment of personal pension products, published on 29 June 2017.
The proposal of the EC establishes the PEPP as a complementary voluntary scheme alongside national regimes and is stated to have as a general objective the realization of a new framework for savings that address currently existing gaps in availability and cross-border portability and barriers for cross-border activity for both providers and savers. The proposal comes in the context of the European Capital Markets Union (CMU), aiming to ensure higher liquidity and funds supply for long-term institutional investors.
For the final AEIP position on the PEPP, please, see here.