Amendment to Regulation (EU) 2019/1238 on a pan-European Personal Pension Product (PEPP)

This procedure aims to amend the existing rules for the Pan-European Personal Pension Product (PEPP). The goal is to make these portable, voluntary pension schemes more attractive and accessible to citizens across the EU, ensuring better retirement savings options regardless of where a person lives or works within the Union.

The changes primarily affect pension fund providers, insurance companies, and consumers. It seeks to remove barriers to entry for providers and improve the financial benefits and transparency for individuals saving for retirement.