This document provides you with key information about this Pan-European Personal Pension Product (PEPP). It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this personal pension product and to help you compare it with other PEPPs
The pan-European Personal Pension Product (PEPP) is a voluntary personal pension scheme that offers EU citizens a new option to save for retirement. The PEPP pension scheme is complementary to existing national pension regimes.
PEPP only called into question by finance industry due to high costs for intermediaries 22 September 2020 – The latest draft of the Pan-European Personal Pension (PEPP) delegated (level 2) regulation was up for discussion last Friday during a broad and well-attended conference on the issue of PEPP and Financial Repression organised by consumer organisations
Last Wednesday, the European Central Bank (ECB) announced a 750 billion asset-purchase programme in response to the coronavirus outbreak, causing a boost of the euro against the dollar and the pound. This new temporary asset purchase programme of private and public sector securities counters the serious risks to the monetary policy transmission mechanism and the offset
This document represents the stylised version of BETTER FINANCE’s response to the EIOPA Public Consultation on implementing measures (level 2) for the pan-European Personal Pension (PEPP) Regulation. The actual response template can be found here. Executive Summary General approach and review BETTER FINANCE welcomes the holistic approach adopted by EIOPA and agrees with the working
BETTER FINANCE’s member organisation (and experts) from the Slovak Institute of Savings and Investments have developped a Technical Working Paper on key aspects for the PEPP: how to estimate pension projections (for the PEPP KID and Benefit Statement) and how to design the PEPP Benefit Statement so that it is useful and attractive for savers.
BETTER FINANCE published its Position Paper on the implementing measures (level 2) for the Pan-European Personal Pension (PEPP) product. These measures will be based on the Regulatory Technical Standards (RTS) submitted by the European Insurance and Occupational Pensions Authority (EIOPA) to the European Commission following a period of public consultations. EXECUTIVE SUMMARY PEPP Key Information
This document provides you with key information about this pan-European Personal pension Product (PEPP). It is not a marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this personal pension product and help you compare it with other PEPPs. This is not a
The overall objective of the Pan-European Personal Pensions (PEPP) product is to offer pension savers a viable alternative that embeds appropriate risk-reward calibrations, that transparent and cost efficient and that provides decent real long-term returns for old age. In short, the PEPP should represent “a quality label for EU personal pension products and increase trust
BETTER FINANCE continued its research series into Robo advice with this sixth annual edition, mapping start-up platforms that provide Robo-advisory and investing services, and analysing their user-friendliness, transparency, costs, portfolio composition, the suitability of their recommendations, and sustainability (through mystery shopping). This year the research team selected 18 platforms providing investment advice in 11 countries
The new President of the European Commission refers to the European Green Deal as “Europe’s man-on-moon moment”. BETTER FINANCE strongly supports the Green Deal, the most important shift in European energy policy we have seen in the last two decades. But since the devil is in the detail, it raises the question whether the proposed
For the seventh year in a row, BETTER FINANCE embarked on the herculean task of gathering all the data on private pensions in 17 EU Member States and published its annual report on the real net returns of long-term and retirement savings in Europe. Despite the fact that the European Supervisory Authorities (ESAs) have a
With its Communication of July 19, the European Commission reaffirmed the illegality of intra-EU bilateral investment treaties(intra-EU BITs) and stated that ”EU investors cannot invoke intra-EU BITs, which are incompatible with Union law and no longer necessary in the single market’’ . Intra-EU BITs treaties are international agreements that focus on investor protection and assure citizens
On Thursday 28 June, the European fund and asset management industry body issued a press release stressing the worrying shortcomings of the rules governing the Key Information Documents (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs). This follows the publication of its Evidence Paper that found that the new methodology for calculating transaction costs
On Thursday 28 June, the European fund and asset management industry body issued a press release stressing the worrying shortcomings of the rules governing the Key Information Documents (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs). This follows the publication of its Evidence Paper that found that the new methodology for calculating transaction costs
BETTER FINANCE already raised the issue that only a limited number of larger SMEs are likely to benefit from a Capital Markets Union. As such, introducing an EU framework enabling crowdfunding platforms to provide their services across the Internal Market should be beneficial for both investors and SMEs. However, BETTER FINANCE remains skeptical regarding the
It is for this reason that BETTER FINANCE welcomes the proposal released by the European Commission in mid-2017 for the creation of a pan-European Personal Pension Product (PEPP) that will go a long way towards alleviating this worrying situation, provided the PEPP ensures pension adequacy through decent long-term returns and a default investment option that
According to Guillaume Prache, "the younger generations do not turn to their bank clerk for savings advice”. “We are witnessing the emergence of a large multifaceted consulting sector online, . Alongside the sites of the traditional players of the finance world, there are now purely online services. The rapid development of FinTech – the practice
PanSlovenian Shareholders’ Association (VZMD), Slovenian member organization of BETTER FINANCE, unveiled the evidence against the unlawfulness of Slovenian banks valuations and the exaggerated "bank gap" as a result of unlawful actions of the Bank of Slovenia and its emergency measures decisions. The actions of the Slovenian central bank may cause enormous damage to the state
For long‐term and pension savers, the year 2022 was undoubtedly a calamitous one. Poor capital market performance and sky‐rocketing inflation across all European Union (EU) Member States resulted in disastrous returns, both in nominal and real terms, for virtually all of the product categories analysed in this report. This comes after a year 2021 that
The Real Return of Long-term and Pension Savings 2023 – Austria The Real Return of Long-term and Pension Savings 2023 – Belgium The Real Return of Long-term and Pension Savings 2023 – Bulgaria The Real Return of Long-term and Pension Savings 2023 – Croatia The Real Return of Long-term and Pension Savings 2023 – Denmark
For long‐term and pension savers, the year 2022 was undoubtedly a calamitous one. Poor capital market performance and sky‐rocketing inflation across all European Union (EU) Member States resulted in disastrous returns, both in nominal and real terms, for virtually all of the product categories analysed in this report. This comes after a year 2021 that
On November 28th BETTER FINANCE and FESE will be hosting a webinar on ‘Enhancing Retail Participation in Capital Markets Through Pension Products’. As part of European Retirement Week 2023, the webinar will assess the Retail Investment Strategy’s impact on pension investments in capital markets and explore the reasons behind Europeans’ limited investment in pension products.
For a decade, BETTER FINANCE has flagged the persistently low real returns in EU long-term and pension savings. As government and occupational pensions dwindle, Public Authorities urge earlier and increased savings for retirement. Yet, this advice often disregards a fundamental issue: inadequate, sometimes negative, long-term real returns after inflation. BETTER FINANCE reports disprove the claim
The recent ARTE documentary titled “The Future of our Pensions” explores how to make the EU pensions system more effective at providing adequate returns. This in-depth feature examines pension systems throughout the European Union and includes interviews with policymakers, scholars, stakeholders, and retirees to provide a comprehensive look at the current state of pensions in
Pensions Report - Overview BETTER FINANCE is committed to ensuring pension adequacy and transparency in pension returns for EU citizens. We recognize the ongoing challenges faced by pensioners in attaining a sustainable retirement income, including the impact of ‘financial repression’ on the purchasing power of EU pensioners and the growing strain on the provision and
BETTER FINANCE published the 10th edition of its “Real Return of Long-Term and Pension Savings report | 2022 Edition”. Download the full report in English for free here. A Summary version of the report can be found below.