08 June 2017 – There is an abundance of investable private capital in Europe, with households desperately looking for positive real returns on their long-term savings in an ongoing climate of low interest rates, high fees, high complexity of investment products and financial repression. BETTER FINANCE fully supports the CMU initiative as it places EU citizens as savers and individual investors at its heart and is aimed at strengthening the link between their savings and the real assets into which their funds are deployed, as well as providing better returns.
With this in mind, BETTER FINANCE especially welcomes the crucial upcoming EU Regulation on a Pan-European Personal Pension (PEPP), which could dramatically improve “value for money” for pension savings thanks to economies of scale, improved long-term asset allocation and a simple and safe default investment option for which the purchasing power of a lifetime’s savings is preserved at and throughout retirement.
Read the full Press Release here.