EU Lawmakers Give Green Light To Bloc-Wide Pensions

Law360, London (April 5, 2019, 12:22 PM BST) -- European Union legislators have approved plans to create a bloc-wide pensions regime that will allow retirement savers across Europe to put money into the same scheme even if they move to another member state.

The European Parliament gave the green light on Thursday to rules introducing personal pension products, known as PEPPs. The schemes will have standard features wherever they are sold, allowing savers to sign up and top up their investments from anywhere in Europe.

Citizens of the EU will be able to save into a PEPP instead of using their national products, giving them greater choice when planning for...

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