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The collection of reports is a result of the international conference on October 29 and 30, 2020 in Sofia. The conference was organized by the Higher School of Insurance and Finance (VUZF) and the Laboratory for Applied Research VUZF Lab.

The topic of the forum and the collection is „PEPP – Regulation and technical standards for market realization“. The scientific forum was held under the patronage of Mr. Boyko Atanasov, Chairman of the Financial Supervision Commission. The conference is organized with the assistance of the Research Fund under Contract № KP-06-MNF / 13 of 24.09.2020.

The special edition of the paper collection presents analyzes of scientists from Bulgaria and international authors on a relatively new topic for the scientific literature and practice, namely saving in an EU standardized product for personal pension insurance – PEPP /pan-European product for personal pension insurance/.

The authors’ research draws attention to the importance of PEPP for increasing pension savings, for overcoming the pension gap in the EU, as well as for the development of financial markets in the Union.

The collection consists of 15 studies by 15 authors. Some of the research is focused on the basic PEPP. A second group of studies seeks answers to questions about the relationship between the development of financial markets and increasing long-term savings. A third group of reports examines the protection of savers in this type of product. The attitudes of potential savers towards long-term savings products are also considered. The analyzes also include the integration of ESG factors into the PEPP Regulation.

Online edition of the reports collection is available HERE.

The main conclusions reached in the collective work are the following:

• PEPP has all the prerequisites to be an attractive product for savers and at the same time interesting for development and supply by financial institutions;
• The PEPP framework in the EU is one of the most serious initiatives of the Union in the field of capital pensions and the PEPP product is unique in its characteristics and goals;
• Further rethinking is needed to ensure that the costs of providing advice are excluded from the 1% limit for the costs of the Basic PEPP;
• The envisaged capital protection is extremely positive for PEPP;
• National legislators should pay attention to the EC’s recommendation to provide PEPP with tax relief for existing products;
• The scale of coverage will be essential for the success of PEPP;
• The digital offering of PEPPs can be a driver for increasing pension savings in the EU.