Date: 5th October 2016
Author:
Type: In the news
The EU has been working on a framework for third-pillar personal pension products (PPPs) for quite some time now. In July 2012, the Commission requested the European Insurance and Occupational Pensions Authority (EIOPA) to provide technical advice to develop an EU Single Market for personal pension schemes. In February 2014, EIOPA delivered a preliminary report. In July 2014, the Commission issued another call for advice (CfA), requesting EIOPA to provide further technical advice on personal pensions with a deadline in 2016.
Guillaume Prache, Managing Director of BETTER FINANCE “laments that the Commission’s good intentions too often have to be watered down” and regrets the slow progress. Read Jeremy Woolfe’s full article here.