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
The 2° Investing Initiative (2DII) is an independent, non-profit think tank working to align financial markets and regulations with the Paris Agreement goals. 2DII coordinates some of the world’s largest research projects on sustainable finance. 2DII is an associate member of BETTER FINANCE.
The EUKI projects, which are selected through a yearly call for project ideas, contribute to the expansion of renewable energy, improve energy efficiency and reduce CO2 emissions.
Global Reporting Initiative (GRI) created the first global, third party sustainability and social impact measurement standards in 1997. The newest GRI Standards provide three sets (economic, environmental, and social) of 34 topic-specific standards to help companies report on material ESG issues to their investors and other stakeholders. GRI has no central oversight function – but
With the termination of the intra-EU bilateral investment treaties (BITs) in 2020 – which received significant criticism for overlapping with the EU single market rules – the EC launched an initiative to improve the investor protection and facilitation framework at EU level. This initiative was reiterated in the new Capital Markets Union (CMU) Action Plan
ABC Economie Read More Agencija za Zavarovalni Nadzor (AZN) Read More Asociación de Usuarios de Bancos, Cajas y Seguros (ADICAE) consumer protection, banking services, insurance, pension Read More Association des Banques et Banquiers du Luxembourg (ABBL) Read More Association of Cyprus Banks (ACB) Read More Assurance Banque Epargne (ABE) Read More Autoritatea de Supraveghere Financiară
We, the undersigned organisations, would like to congratulate you for the very important announcement made during several recent online events, that the Commission will propose legislation in 2021 on both corporate due diligence and directors’ duties as part of your initiative on sustainable corporate governance, taking into account ongoing national-level mandatory due diligence developments. We
Brussels, 7 April 2020 – The continued spread of the COVID-19 virus around the world and the emergency confinement measures have severely disrupted capital markets. EU Citizens in their capacity as investors and savers are already feeling the squeeze and will be among the first in line to suffer from the economic and financial fallout
“Whistle-blowing“ is one of the most important tools to fight singular or structural breaches of law in EU Member States.[1] According to the European Commission, whistle-blowing is a form of reporting or disclosing acts or omissions that ‘represent a threat or harm to the public interest (such as fraud, corruption, tax evasion, threats to public
Brussels, 8 June 2015 – The new EU Shareholders Rights’ Directive, as amended by the Parliament’s JURI committee, is to be put to plenary vote on June 10. As it stands the proposal grossly, ignores all the modest amendments repeatedly proposed for months by European individual shareholder representatives to lower the barriers to shareholder engagement
BETTER FINANCE shares its first thoughts on the long-waited Green Paper on Building a Capital Markets Union (CMU), published by the European Commission last week. We welcome the initiative and fully agree that “capital markets need to play a larger role in channeling financing to the economy” but our concern lies with the lack of attention
BETTER FINANCE has the pleasure to announce that Aleksandra Maczynska has just joined its Brussels team as number two. Read the Press Release here
BETTER FINANCE has the pleasure to announce that Aleksandra Maczynska has just joined its Brussels team as number two. Read the Press Release here
Taking heed of the increasing importance of ESG factors within the global financial system, as well as the desire by individual investors to have access to socially responsible investment alternatives, Tree Top Asset Management launched their “fund that cares” on 24 April in cooperation with the King Baudouin Foundation. Introducing a new approach to responsible
BETTER FINANCE published its Annual Report for 2016. Access the document here
Today BETTER FINANCE launched the third edition of its annual examination of the returns on pension savings in the EU at a press conference at the Brussels Press Club. According to the 2014 European Commission’s consumer scoreboard, the market for investment and pension products continues to be the worst performing market in Europe. As the new
On April 9 the European Commission unveiled its proposals for the review of the Shareholders Rights Directive in order to adopt measures to improve the corporate governance of around 10 000 companies listed on Europe’s stock exchanges. Internal Market and Services Commissioner Michel Barnier said that the last few years had shown “how short-termism damages European companies and the economy”. A
BETTER FINANCE and other European organisations representing savers and financial users were quite disappointed by today’s «Consumer Protection Day » jointly organised by the three European financial Supervisory Authorities (Securities & Markets, Insurance & Pensions and Banking). Please read here the press release.
BETTER FINANCE generally strongly supports the Commission’s proposals for amendments to the Shareholders Rights Directive regarding long-term Shareholder engagement. Read here the concrete BETTER FINANCE requests to further improve the European Commission’s proposals.
Today BETTER FINANCE launched the third edition of its annual examination of the returns on pension savings in the EU at a press conference at the Brussels Press Club. According to the 2014 European Commission’s consumer scoreboard, the market for investment and pension products continues to be the worst performing market in Europe. As the new
A little while ago, on October 3, the European Commission launched a consultation inviting stakeholders to share their views on Crowdfunding. Being an issue of growing importance not only for the EU economy as a whole but especially for retail investors and other financial services users, EuroFinUse welcomes this initiative and presented its response. EuroFinUse
At FEE’s Roundtable on "How to improve the functioning of audit committees further" , which took place on 5 February, around a 100 participants including European policymakers, audit committee members, investors, professional accountants and auditors and regulators discussed further improvements of the functioning of audit committees to help identify and shape good practices. EuroFinuse President, Jella
3 August 2017, Roma – The procedure whereby the Italian State has expropriated 150,000 small shareholders of their property rights on the Monte dei Paschi di Siena is now completed. We remind that the Bank has always been complying with supervision duties and solvency standards. There is no relief mechanism for individual shareholders who are