EU Pension Policy

PensionsEurope promotes good pensions for the people in Europe in all different shapes and forms, including private pensions. Personal pensions (or private pensions) are long-term savings products that individuals contribute to on a voluntary basis, complementing social security and workplace pensions.

The European Commission is exploring ways to increase choices for retirement saving and build an EU market for personal pensions. As part of the CMU action plan, the Commission believes that personal pensions have a role to play in linking long-term savers with long-term investment opportunities, helping to channel savings towards capital markets and benefit investment and growth in the EU. In June 2017 the Commission adopted a proposal for a regulation on a pan-European personal pension product (PEPP). The proposal is accompanied by a recommendation on the tax treatment of personal pension products, including the PEPP.

PensionsEurope has welcomed this initiative and  believes that a European framework for voluntary personal pensions is particularly needed and useful for those who don’t have access to workplace pensions, as self-employed and workers in new forms of employment, or where personal pensions offered at the national level are not reliable or attractive. Moreover, the PEPP could be especially useful for young European citizens who have more and more often a career in multiple Member States.

PensionsEurope is working closely with the EU Institutions to ensure that the final outcomes of the negotiations will lead to the introduction of a pan-European pension product that meets the needs of people wishing to save for retirement and that represents a valuable investment opportunity for pension providers. If properly designed, the PEPP could contribute to the enhancement of complementary retirement savings in the EU.




After the European Commission’s White Paper on Pensions interest is growing in EU pension tracking services. Such a tracking system should give European citizens an overview of their pension entitlements in the various European countries where they have accrued pensions. In several European countries a tracking system for pension rights is present. However, a system on a pan-European scale is not yet in existence.
The European Commission initiated a project to support the development of a tracking service. They set out a call for the proposal in 2012. Following this, a consortium of PGGM, MN Services, APG, Syntrus Achmea (The Netherlands), PKA (Denmark) and Finnish Centre for Pensions (Finland) was awarded to cooperate with the European Commission on this project. The project started June 1st 2013 and ends in March 2015. The goal of the project is to make a high level design and give recommendations for the development of a pan European pension tracking service and to focus on feasible solutions. The Consortium is called TTYPE; “Track and Trace your pension in Europe”.
The Consortium is currently working on the research by getting information through a EU wide survey, through meetings and interviews with external experts and by getting in touch with organizations that have expertise in specific domains to give their view on possible solutions. If you would like to share your views regarding tracking systems, please contact us and we can put you in contact with them.


PensionsEurope is also working on the following issues:

- Code of Good Practice
- Pension policy in the CEE region

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