Summary title: Petition No 0574/2019 by J.P.B.S. (Spanish), on behalf of the Plataforma Logroñesa para la Defensa del Sistema Público de Pensiones (Logroño Platform for the Defence of the Public Pension System), in favour of scrapping pan-European personal pension products (PEPPs)
Petition number: 0574/2019
Topics: Social Affairs, Pension
Country: European Union, Spain
Name of association: Plataforma Logroñesa Para la Defensa del Sistema Público de Pensiones
Name: J. B.
The petitioner calls for the EU to consider scrapping pan-European personal pension products (PEPPs), as he believes that they will lead to the privatisation of pensions. He believes that this will give rise to a situation whereby pensions are to be sold by brokers, to the detriment of the most disadvantaged groups in society. He criticises the European Parliament’s vote on 4 April 2019 on a proposal for a regulation on PEPPs, as he believes the text defends the interests of the most well-off and penalises those most in need.