As announced during the mid-term review of the Capital Markets Union, the European Commission on Thursday 29 June presented a proposal to create a new category of pension products: the Pan-European Personal Pension Product (PEPP).
This proposal, which forms a response to the fragmentation of the European personal pensions market, will lay the foundation for a single European pensions market, said the European Commissioner for Financial Services, Valdis Dombrovskis.
Currently, the market is...