The European Insurance and Occupational Pensions Authority (EIOPA) has established an expert practitioner panel on the Pan-European Personal Pension Product (PEPP) to move its policy work forward.

By appointing the panel, EIOPA has started its policy work on level 2-measures for the PEPP regulation.

The panel’s objectives will be to inform EIOPA's policy work, test policy proposals and act as sounding board supporting EIOPA delivering on its mandate.

EIOPA said in a statement that “challenging and diverse scope of deliverables – and tight timeframes – call for innovative and efficient solutions”, which the panel will provide.

“To deliver on the forthcoming PEPP Regulation's policy perspective to design a PEPP that exhibits high-quality product features around information provision, risk-mitigating techniques and a cost cap for the basic PEPP, the feedback and support from practitioners is important,” the authority said.

Furthermore, the expert panel will provide insights that will help EIOPA develop “superior solutions and smart policy advice”, which will incentivise financial innovation while being of benefit to consumers in Europe.

The panel consists of representatives from Independent Trustee, Vanguard, Bund der Versicherten, Intesa Sanpaolo, Amundi, Fidelity, University of Verona, Aegon, UNIQA, Bureau Européen des Unions de Consommateurs (BEUC), Forsides, PFA, SEB LV, InsuranceEurope, Union Mutualist Retraite, PIU, Union Investment, PensionsEurope, Better Finance, Vantik and Allianz.

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