Teodorovici: Pan-European pension products to create a new possibility to save money on long term
Publicat:The permanent representatives of member states to the EU on Wednesday approved the agreement reached between the presidency and the European Parliament on 13 December on the proposed 'pan-European pension product' (PEPP), a new class of personal pension scheme, informs a press release of the Council of EU.
The draft regulation is aimed at providing greater choice for people who wish to save for their retirement, and at the same time boosting the market for personal pensions. According to the Commission, only 27% of Europeans between 25 and 59 years of age have subscribed to a pension…
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