Pan-European Pension (Ofer Abarbanel online library)

The Pan-European Pension Product (PEPP) or Pan-European Personal Pension Product is a proposed pension which will be available to residents of the European Union. The PEPP is designed to give the 240 million savers in the EU a better choice in the fragmented and uneven European market, where options are nearly non-existent in some member states.[1] The pension is predicted to be available for sale in EU member states by 2019.[2] According to Brian Hayes, MEP, lead negotiator for the European People’s Party (EPP) on the European Commission’s pension plan, the PEPP “has a real opportunity to improve all our national pension systems in the EU”, and “it’s the product for the new mobile workforce”.[2]

Valdis Dombrovskis, a vice-president of the European Commission responsible for financial services, said “It has enormous potential as it will offer savers across the EU more choice when putting money aside for retirement,” and “It will drive competition by allowing more providers to offer this product outside their national markets. It will work like a quality label and I am confident that the PEPP will also foster long-term investment in capital markets.”[3]


In June 2018, the European Federation of Financial Advisers and Financial Intermediaries (FECIF) warned that Europe is still not dealing with the tax treatment of Pan European Pension Products. Secretary general Simon Colboc said “the biggest question facing PEPPs is the tax treatment it will receive and that is the main question people are asking and it is the elephant in the room.”[4]


  1. ^Josephine Cumbo and Peter Smith (29 June 2017). “EU unveils plans for pan-European pension”. Financial Times. Retrieved 19 February 2018.
  2. ^ Jump up to:ab Fiona Reddan (3 October 2017). “Pan European pensions on sale in Ireland by 2019”. The Irish Times. Retrieved 19 February 2018.
  3. ^Daniel Boffey (9 June 2017). “‘EU pension’ planned for people who move between countries”. The Guardian. Retrieved 20 February 2018.
  4. ^Will Grahame-Clarke (26 June 2018). “European pension plan’s ‘elephant in the room'”. International Adviser. Last Word Media (UK) Limited. Retrieved 21 July 2018.

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Ofer Abarbanel online library

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Ofer Abarbanel online library