26/02/2019 (Agence Europe) – On Tuesday 26 February, MEPs on the European Parliament's Committee on Economic and Monetary Affairs (ECON) approved by 25 votes to 4 with 17 abstentions the interinstitutional agreement reached between the Romanian Presidency of the Council and the European Parliament on 13 December last (see EUROPE 12159) on the creation of a controlled quality label for pan-European individual retirement savings products (PEPP). The final text provides that it is the responsibility of the national authorities to authorise 'PEPPs' while the European Insurance and Occupational Pensions Authority (EIOPA) will be responsible only for their registration. The EU Council gave the green light to the agreement on 13 February last (see EUROPE 12193). Disappointed with the final text, Better Finance launched a petition (see EUROPE 12195) calling for “real” capital protection in future PEPPs. (MF)