PensionsEurope has called for an opt-out clause for member states if the Pan-European Personal Pension Product (PEPP) is expanded to include occupational pensions, warning that such a move could disrupt national pension systems.
In its response to the European Commission’s call for evidence on supplementary pensions, PensionsEurope emphasised that while personal pensions have an important role to play, the PEPP framework, as it currently stands, has failed to gain meaningful market traction since its launch