Following the publication of the legislative proposal on a framework for a pan-European Personal Pension Product (PEPP), Simon Lewis, Chief Executive at the Association for Financial Markets in Europe said:

“AFME supports the creation of a single market for personal pensions and a form of standardised pan-European Personal Pension Product, which could greatly improve the ability of citizens to save for their retirement. Given the current fragmentation in Europe’s retirement savings markets, this project is all the more important and Member States should be encouraged to consider providing tax breaks for the PEPP.

''We commend the Commission for delivering another major proposal under the Capital Markets Union project. Authorities should continue to pursue a proactive agenda to integrate and develop Europe's capital markets''

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