PETITION: Stop the Capital Protection Scam & Get the PEPP Pension You Deserve
YOUR PENSION – The global pensions gap is widening and fees and inflation are destroying the value of long-term savings. Therefore, now more than ever, we – pensions savers – are in need of a simple, transparent and cost-effective long-term retirement savings product that would provide a decent return in the current low-interest environment.
Fortunately, the European Commission is working towards a simple, standardised and cost-effective Pan-European Personal Pension (PEPP), which could meaningfully reduce the pensions gap, by providing a good “value for money” option for all European savers and pensioners. The “Default Option” of such a PEPP should benefit from a real “capital protection” that makes sure that, upon retirement, you will at the very least get back the money that you invested in the first place. It is crucial to protect the full savings amount before the deduction of all accumulated fees, charges and expenses, and in real terms, i.e. offsetting the negative impact of inflation over time.
Watch the video showing the scam here.
THE SCAM – If the PEPP’s definition of capital adopted by the European Parliament and EU Council allows you to recoup only the nominal capital invested net of all accumulated fees and costs without offsetting inflation, it will destroy the purchasing power of your pension savings. Therefore, calling it “capital protection” is seriously misleading.
TIME FOR ACTION – Stand up against this scam, sign the BETTER FINANCE petition below and send this video and petition to your MEP.