Together with Better Finance, AGE welcomes the project of a pan-European Personal Pension Product (PEPP), which, if properly implemented, should protect your pension saving from fees and inflation, and ensure you get a decent return in investment when you retire. Unfortunately, the standardised and cost-effective PEPP currently on the table would not guarantee that protection. After the deduction of all accumulated fees, charges and expenses, coupled with the increasing cost of living (inflation), you will hardly get more than a quarter of the amount you invested 40 years earlier!
For Better Finance the “Default Option” of such a PEPP should benefit from a real “capital protection” that makes sure that, upon retirement, your get an amount that is at least equal to the amounts you saved.
Stop the Capital Protection Scam & Get the PEPP Pension You Deserve by signing Better Finance petition.