Európsky dôchodok
retirement preparation

PENSION UNDER EU RULES

Pan-European Personal Pension Product

Secure an extra source of future income with a standardized PEPP pension product.

 
Investing from €10

What Is a PEPP

PEPP stands for pan-European personal pension product. It is a uniform European pension product, supervised by national authorities and the European Insurance and Occupational Pensions Authority (EIOPA), designed to provide an old-age income alongside the state pension and national supplementary pillars. The PEPP is portable across the EU and voluntary.

Investing from €10
how PEPP works

Drawing funds regularly up to a certain amount.

Gradual

drawdown

The full amount paid out at once.

Lump-sum settlements

Benefits paid at intervals over a period of time.

Annuity

Combination

Investing from €10

The PEPP is regulated by the effective Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a pan-European Personal Pension Product (PEPP). This regulation sets out basic features such as investment rules, transparency, the right to switch, costs, and types of investment options.

 
Investing from €10
Investing from €10

Who is a PEPP for

A pan-European Personal Pension Product is an individual product that any natural person living in the EU can use to save. It is not tied to employment, so unemployed people, people on maternity leaves, or students can also become savers. It is purely voluntary; anyone can join on their own and contribute any amount.

Saving for retirement
 
 
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The PEPP is a unified pension scheme across the EU, and every EU resident is entitled to it. If there is no local PEPP provider in your country, you can take out a PEPP with a provider in another EU country if it provides the option of saving under the terms and conditions of your place of residence.

 

Individual countries may also provide additional benefits beyond the uniform EU-wide product parameters. For instance, tax advantages such as those enjoyed by local pension schemes.

 

For more information on PEPP rules and tax advantages in your country, please visit your national regulator's website.

PEPP in Your Country

Why Save in PEPP

Easy investing

Simplicity

Clear terms and conditions, easy decision-making, simple set-up, and worry-free saving.

Low risk

Security

Mandatory risk-mitigation techniques or guarantees on invested assets.

low costs investing

Maximum

1 % p.a.

You will pay no more than

1 percent of assets under management on annualized fees.

Transparent and clear investing

Transparency

You are informed about costs, investment strategy, risks, returns and pension benefits.

Anywhere in the European Union

Portability

The option to remain saving with the same PEPP provider even after a change of residence to another EU country.

State pensions are a mere financial foundation, especially in uncertain times of high inflation, rising number of pensioners, and falling number of workers. As a long-term retirement savings product, PEPP is a great opportunity to take control of the size of your pension.

 

The PEPP also brings a form of legislative certainty, thanks to uniform ground rules. The low-cost ceiling will bring greater and pan-European competition to financial products, increasing their performance, expanding the option of choosing the right strategy according to an individual’s risk tolerance, and higher pensions.

 

Who Provides PEPP

Credit institutions, insurance undertakings, pension management companies, investment firms, asset management companies, or alternative fund managers can all become PEPP providers. According to an EIOPA survey, 21 entities have expressed an interest in providing PEPP.

The first company licensed to provide it is the securities 
broker-dealer Finax, which operates in Slovakia, Poland, Croatia, the Czech Republic, and Hungary.

 

 

 



Central register of PEPP providers:

https://pepp.eiopa.europa.eu/

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