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Reform of Pan-European Personal Pension Products (PEPP)

Summary

The proposal aims to reform pan-European personal pensions (PEPP) to better support retirement savings while protecting existing public pension systems and consumer rights.
10 28.04.2026
Other
finance
economy
taxation
social policy
pension scheme
employment and working conditions

Key points

  • Private pension products should act as a supplement to public and occupational pensions, not a substitute.
  • The regulation must respect the authority of Member States regarding taxation and labor laws.
  • The implementation period for the new regulation should be extended to two years to allow for proper adaptation.
  • A cap on total annual costs and charges for basic pension products should be maintained at 1% of accumulated capital.
Documents (PDFs)
DRAFT OPINION on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2019/1238 on a pan-European Personal Pension Product (PEPP)
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