EIOPA publishes personal pensions report: EIOPA has submitted to the Commission its preliminary report on the prudential regulations and consumer protection measures needed to create a single market for personal pensions. It has identified two options:

  • introducing a Directive setting out a range of consumer protection rules; or
  • drafting a Regulation that would accommodate tax and other differences between Member States.

EIOPA has found that tax, social law and harmonisation of contract law are the most significant hurdles to developing a single market for personal pensions. (Source: EIOPA Publishes Personal Pensions Report)