The European Commission has launched a targeted consultation on how to make supplementary pensions more accessible, transparent and effective across the European Union, as part of the savings and investments union. The exercise seeks input on measures to widen participation in occupational and personal pensions and to strengthen how citizens can track and understand their pension entitlements. Topics include the potential use of automatic enrolment, and the development of national pension tracking systems and pension dashboards to improve individual information and policymaking data. The consultation also covers a review of the Directive on the activities and supervision of institutions for occupational retirement provision (IORP II Directive), focusing on governance, risk management, transparency and scaling up workplace pensions, and it asks for views on obstacles to uptake of the pan-European Personal Pension Product (PEPP), including options to simplify the Basic PEPP, facilitate digital distribution and explore enrolment through the workplace. Views are invited from social partners and other stakeholders by 29 August 2025. A stakeholder “reality check” forum on retirement provisioning trends is scheduled for 16 June 2025, and the Commission plans to use the consultation and forum feedback to inform a package of measures to be presented in the fourth quarter of 2025.
European Commission 2025-06-13
European Commission launches consultation on expanding and improving supplementary pensions including IORP II review and PEPP uptake
The European Commission has launched a consultation to improve the accessibility, transparency, and effectiveness of supplementary pensions in the EU. It seeks input on automatic enrolment, national pension tracking systems, and a review of the IORP II Directive, focusing on governance and risk management. It also addresses obstacles to the uptake of the pan-European Personal Pension Product (PEPP), including simplifying the Basic PEPP and facilitating digital distribution.