EU - The Pan-European Personal Pension ("PEPP") Product adopted

After two years of negotiations, the European Parliament has ultimately endorsed the political agreement on the Pan-European Personal Pension Product (the “PEPP”) as part of the European Commission’s Capital Markets Union initiative. The regulation on PEPP (the “PEPP Regulation”) will now be formally confirmed by the Council before being published in the Official Journal. The main objective of this new product is to create a harmonised personal retirement product while at the same time channel