Date: 5th October 2016
Author: BETTER FINANCE
Type: In the news
BETTER FINANCE keenly supports the European Commission’s proposal to launch a Pan-European Personal Pension product (PEPP) as a key component of the Capital Markets Union (CMU) initiative.
The extreme fragmentation of the numerous EU markets in Personal Pension Products (PPP) hampers the development of badly needed economies of scale. BETTER FINANCE strongly doubts that any meaningful harmonisation of the myriad regulatory regimes for PPPs within the EU could be achieved in time to diffuse the ticking European pensions’ time bomb.
The PEPP should be simple, standardised and cost effective, with an even simpler and safe default investment option, so that this option can be subscribed to without advice.
Read the full press release here.