From Design to Delivery: Making the PEPP a Scalable Tool for the Savings and Investments Union
The European Commission’s proposal to reform the Pan‑European Personal Pension Product (PEPP) marks a welcome reset of the framework, aligning closely with many of ICI’s long‑standing recommendations and acknowledging that the original design failed to achieve meaningful uptake. Further refinements are needed, however, to ensure the revised PEPP is commercially viable, proportionately supervised, and able to strengthen retirement outcomes while mobilising long‑term capital for the Savings and Investments Union (SIU).