EIOPA publishes Discussion paper on a possible EU-single market for personal pension products

In July 2012 the European Commission requested the European Insurance and
Occupational Pensions Authority (EIOPA) to provide technical advice on the
prudential regulations and consumer protection measures needed to create a
single market for personal pensions.

In order to deliver this technical advice EIOPA, as a first step, has today
published its Discussion paper on a possible EU-single market for personal
pension products.

The goal of the Discussion paper is to engage stakeholders at an early
stage in the project by gathering their views on a wide range of issues
relating to personal pensions.

The Discussion Paper focuses on three key aspects of personal pensions:
A possible definition of a personal pension;Potential cross-border
frameworks (passporting and the so-called second (or 28th) regime which
would create a uniform European system as an alternative to the different
national regimes); andConsumer protection, including information
disclosure and selling practices.

To access EIOPA's Discussion paper click here (Link:
https://eiopa.europa.eu/consultations/consultation-papers/index.html ).

If you wish to respond to the questions posed in the Discussion paper,
please use this comments template (Link:
https://eiopa.europa.eu/fileadmin/tx_dam/files/consultations/consultationpapers/single_personal_pension_products/EIOPA_Template-for-Comments-on-DPTFPP.doc
).

The period for providing comments will end on 16 August 2013.

Once stakeholders' comments have been analysed, EIOPA will prepare a
report, containing issues and options which will be made available to the
European Commission in early 2014. The Commission is then expected to
issue a detailed Call for Advice to EIOPA, with a response deadline set
for 2015.


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