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Public consultation on a potential EU personal pension framework

  • 27.07. to 31.10.2016 (closed)
  • Personal pensions


The Commission aims at encouraging more savings into personal pensions to secure adequate revenues for retirement. This is essential as people are living longer, public finances are expected to remain under pressure and the ratio of retired people to workers is set to double in the next thirty five years.

As part of the Capital Markets Union (CMU) action plan, the Commission will assess the case for a policy framework to establish European personal pensions. More investment into personal pensions contributes to a stronger single market for capital through an increase in the funds available to finance the economy.

The objective of the public consultation is to identify potential obstacles to the uptake of personal pension products and to seek views on how to best address them. The consultation will also help the Commission analyse the case for an EU personal pension framework. To that end, individuals (citizens, pensioners, students) and other stakeholders (companies, representative associations, governments) are asked their opinion on possible EU action in order to offer personal pensions to individuals which are simple, affordable, transparent and provide better returns.

The public consultation builds on previous work carried out by the Commission and European Insurance and Occupational Pensions Authority (EIOPA) on personal pensions.

Target group

This questionnaire contains three parts (B1, B2 and B3) addressing three distinct target groups.

The first part (B1) is addressed to private individuals (personal pension holders and potential customers of such products).

The second part (B2) is addressed to consumer organisations representing existing or future consumers.

The third part (B3) is addressed to stakeholders who provide, would provide, or represent organisations that are or would be involved in providing personal pensions, public authorities regulating personal pensions, academics or other professionals involved with personal pensions in a professional capacity.

How to submit your response

Please note that in order to ensure a fair and transparent consultation process only responses received through the online questionnaire will be taken into account and included in the report summarising the responses.

Contact details

Responsible services:
DG Financial Stability, Financial Services and Capital Markets Union
Unit D4 – Insurance and pensions
Postal address:
European Commission
SPA2 02/032
1049 Brussels

Protection of personal data and privacy statement

Results of consultation and next steps

We have received 586 responses and thank all those who have contributed to this consultation.

The summary of responses will be published below at a later stage.