Public Consultation on the exercise of Member State discretion in Regulation (EU) 2019/1238 on a Pan-European Personal Pension Product (PEPP)

The Department of Finance invites interested parties to make submissions in relation to the exercise of the national discretions contained in the Pan-European Personal Pension Product (PEPP) Regulation (EU) 2019/1238.

The objective of the PEPP Regulation is to lay the foundations for a safer, more cost-efficient and transparent market in affordable and voluntary personal pension savings that can be managed on a pan-European scale.

While the majority of the provisions of the PEPP Regulation have direct effect from 22 March 2022, there are a number of provisions in the Regulation to which Member States are given discretion as to their application.

The consultation period will run to 13 July 2022. Submissions received after this date will not be considered.

In responding to this consultation you are invited to:

• Give your views on the specific question set out at Part 5 of this consultation.
• Provide details of any issues or concerns you feel should be considered in dealing with the particular topic being addressed in your response.

The comments received will be taken into consideration when deciding how best to transpose the PEPP regulation into Irish law.

How to Respond

The preferred means of response is by email. Niamh Williams will be monitoring this email:

pensions@finance.gov.ie

Alternatively, you may respond by post to:

Niamh Williams

PEPP Public Consultation

Financial Services Division

Department of Finance

Government Buildings

Upper Merrion Street

Dublin 2, D02 R583

Please include contact details if you are responding by post. When responding, please indicate whether you are a professional adviser, representative body, corporate body or member of the public.