EIOPA has published the final report following its consultation on the creation of a standardised Pan-European Personal Pension product (PEPP). The feedback received largely supports the creation of a standardised PEPP with a defined set of regulated, standardised elements, including some flexible ones, as being best placed to support sustainable pensions via personal pension savings. Feedback was given across the following areas:
- default and limited investment options and duty of care;
- switching;
- solvency rules that should apply;
- distribution channels and advice; and
- authorisation and product passport.
