Expand Pan-European Personal Pension Product (PEPP) into retirement savings account

As part of its savings and investment union, the EU Commission is focusing on stronger funded pension schemes. This affects all additional forms of pension provision that go beyond the pay-as-you-go system. The aim is to improve investment opportunities and thereby achieve higher pension returns. Long-term investments by pension funds should also facilitate the financing of innovation in the economy.

Deutsches Aktieninstitut welcomes the Commission's consultation on the future of funded pension schemes in Europe. Equity investments play a central role in this. In our statement, we recommend in particular that the Pan-European Personal Pension Product (PEPP) be expanded into a pension savings account – a model that is already established in countries such as Australia, France, Ireland, Canada, and the US.