10 Amendments of Markus FERBER related to 2017/0143(COD)
Amendment 230 #
Proposal for a regulation
Recital 14
Recital 14
(14) PEPP providers should have access to the whole Union market with one single product authorisation issued by tnational supervisory authorities on the basis of a single set of rules. The European Insurance and Occupational Pensions Authority (“EIOPA”), on the basis of a single set of rules will ensure that those rules are uniformly applied.
Amendment 302 #
Proposal for a regulation
Recital 39
Recital 39
(39) The default investment option should allow the PEPP saver to recoup the invested capital. To that end, PEPP providers should build up adequate capital buffers. The PEPP providers could in addition include an inflation indexation mechanism to at least partly cover inflation.
Amendment 316 #
Proposal for a regulation
Recital 54
Recital 54
(54) PEPP providers should be allowed to make available to PEPP savers a wide range of decumulation options. This approach would achieve the goal of enhanced take-up of the PEPP through increased flexibility and choice for PEPP savers. It would allow providers to design their PEPPs in the most cost-effective way. It is coherent with other EU policies and politically feasible, as it preserves enough flexibility for Member States to decide about which decumulation options they wish to encourage. Pay-out under the basic PEPP should take the form of lifetime payments.
Amendment 393 #
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
1. A PEPP may only be manufactured and distributed in the Union where it has been authorised by EIOPA in accordance with this Regulationthe competent national supervisory authority in accordance with this Regulation. The European Insurance and Occupational Pensions Authority (“EIOPA”) shall ensure that authorisation procedures in Member States are uniformly applied.
Amendment 399 #
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
2. Authorisation of a PEPP shall be valid in all Member States. It entitles the authorisation holder to manufacture and distribute the PEPP as authorised by EIOPAthe national supervisory authority.
Amendment 501 #
Proposal for a regulation
Article 13 – paragraph 3
Article 13 – paragraph 3
Amendment 560 #
Proposal for a regulation
Article 19 – paragraph 1 – point c
Article 19 – paragraph 1 – point c
Amendment 765 #
Proposal for a regulation
Article 37 – paragraph 1
Article 37 – paragraph 1
1. The default investment option shall ensure capital protection for the PEPP saver, on the basis of a risk-mitigation technique that results in a safe investment strategy. To ensure that capital is protected, PEPP providers shall create adequate capital buffers.
Amendment 814 #
Proposal for a regulation
Article 39 – paragraph 1 – point b a (new)
Article 39 – paragraph 1 – point b a (new)
(ba) the stipulations for creating adequate capital buffers - for capital protection - which should be based on what is stipulated in Directive 2009/138/EC;
Amendment 872 #
Proposal for a regulation
Article 52 – paragraph 2
Article 52 – paragraph 2
2. The choice of the form of out- payments for the decumulation phase shall be exercised by PEPP savers upon conclusion of a PEPP contract and can be changed once every five years thereafter during the accumulation phase, if applicable. For the basic PEPP, full out- payment in the form of annuities shall be mandatory.