BETTER FINANCE published its response to the EIOPA Consultation on the creation of a standardised Pan-European Personal Pension product (PEPP). With pensions and investments being ranked as the worst consumer market, BETTER FINANCE believes it is critical that the design of the PEPP focuses first and foremost on regaining the trust of EU citizens as pension savers.
To this end we submitted our comments on the PEPP project to EIOPA, and stressed the fact that it is a one-time opportunity to address the most critical and so far unresolved issues affecting the standard of living of future European pensioners.
BETTER FINANCE strongly supports a PEPP that has a “KISS” (simple and short), low cost and performing default investment option, balanced with a bare minimum of constraints in order to attract the most European savers possible.
Our full position paper is available here.