Date: 5th October 2016
Author:
Type: In the news
BdV responded to the EIOPA consultation paper on the Pan-European Personal Pension plan (PEPP). The plan is an attempt by the European pension regulator to develop a pension system across Europe. BdV fully supports the action and published its position here.
The role of PEPP is to improve upon the state of European pensions that are currently at different stages of development with important differences between different member states. The new product is to be simple, transparent, cost-efficient and trustworthy. Axel Kleinlein, director of the BdV holds that if these criteria are met, the PEPP will become a benchmark for other pension products.