Insurance Europe supports pan-European pension
Thursday, 02 04 2016, Category: Insurance and Reinsurance, Country: Europe
Insurance Europe has said it supports the overall project to create a pan-European pension product (PEPP).
The European Insurance and Occupational Pensions Authority’s (EIOPA) has advised to to the European Commission that an EU single market for personal pension products should be developed.
Nicolas Jeanmart, head of personal insurance, general insurance & macroeconomics at Insurance Europe, said “Insurance Europe supports the overall project to create a PEPP and welcomes EIOPA’s acknowledgement that it should be a true pension product. However, a number of questions arise from the proposed treatment of the main characteristics of a pension product — ie, minimum investment periods and a decumulation phase.
Source: Intelligent Insurer