EU’s Pan-European Personal Pension Product (PEPP) Regulation (2019:1238)- Fostering Retirement Security

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Summary:

The Pan-European Personal Pension Product (PEPP) Regulation aims to enhance retirement security and flexibility for European Union citizens by introducing a standardized and portable personal pension product. The regulation, enacted in 2019, aims to address the challenges of an aging population and ensure adequate retirement income. Key provisions include the establishment of PEPPs as a voluntary retirement savings option, portability across EU member states, and robust consumer protection measures. The PEPP Regulation represents a crucial step in harmonizing retirement savings options within the EU, empowering individuals to take control of their retirement planning and contributing to their financial well-being.