"Pensions Europe published its position on the European Commission's PEPP review, part of the November 2025 supplementary pensions package. The release notes that PEPP could boost private pension uptake but warns that a new workplace PEPP might blur pillar divisions and create uncertainty for existing schemes. Matti Leppälä, Secretary General of Pensions Europe, argues that PEPP should not undermine established pension systems or tax rules and that national-level incentives are crucial for developing personal pension products. The paper calls for careful design to ensure growth while preserving national competencies."
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