20 Amendments of Thomas MANN related to 2017/0143(COD)
Amendment 34 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
(1a) The introduction of a pan- European Personal Pension Product (PEPP) is not intended to be an existential threat to existing pension products in Member States or call successful national old-age insurance systems into question.
Amendment 66 #
Proposal for a regulation
Recital 10
Recital 10
Amendment 70 #
Proposal for a regulation
Recital 10 a (new)
Recital 10 a (new)
(10a) Organising retirement provision will continue to be solely a Member State responsibility. As regards state, occupational and private pension provision arrangements, Member States will remain solely responsible for definitions, all taxation aspects and their relative importance.
Amendment 71 #
Proposal for a regulation
Recital 10 b (new)
Recital 10 b (new)
(10b) This PEPP Regulation erects no barriers for Member States to continue to organise funded old-age pension schemes on a collective basis.
Amendment 73 #
Proposal for a regulation
Recital 11
Recital 11
Amendment 161 #
Proposal for a regulation
Recital 69
Recital 69
Amendment 164 #
Proposal for a regulation
Recital 69 a (new)
Recital 69 a (new)
(69a) Member States are encouraged to provide an appropriate PEPP framework.
Amendment 222 #
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 EIOPAthe competent national supervisory authority in accordance with this Regulation.
Amendment 224 #
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 230 #
Proposal for a regulation
Article 5 – paragraph 1 – point a
Article 5 – paragraph 1 – point a
(a) all providers entitled under national law to offer individual pension products and credit institutions authorised in accordance with Directive 2013/36/EU of the European Parliament and of the Council43; __________________ 43 Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p. 338).
Amendment 305 #
Proposal for a regulation
Article 16 – paragraph 1
Article 16 – paragraph 1
Amendment 307 #
Proposal for a regulation
Article 16 – paragraph 2
Article 16 – paragraph 2
Amendment 485 #
Proposal for a regulation
Article 51 – paragraph 2
Article 51 – paragraph 2
2. Such conditions mayshall include in particular the setting of the retirement age, of a mandatory link between reaching the retirement age and commencing the decumulation phase, of a minimum period of belonging to a PEPP scheme, of a maximum period before reaching the retirement age for joining a PEPP scheme, as well as conditions for redemption in case of particular hardship.
Amendment 513 #
Proposal for a regulation
Article 13 – paragraph 3
Article 13 – paragraph 3
3. Three years at the latest after the entry into application of this Regulation, eEach PEPP shall offer national compartments for allone or more Member States upon request addressed to the PEPP provider.
Amendment 522 #
Proposal for a regulation
Article 14 – paragraph 1
Article 14 – paragraph 1
Without prejudice to the deadline under Article 13(3), PEPP providers shall ensure that within each individual PEPP account a new compartment could be opened, corresponding to the legal requirements and conditions for using incentives fixed at national level for the PEPP by the Member State to which the PEPP saver moves. Should the PEPP saver move to a Member State in which the PEPP provider does not offer a compartment, the provider switching charge shall be no more than EUR 150.
Amendment 688 #
Proposal for a regulation
Article 28 – paragraph 1 – point e
Article 28 – paragraph 1 – point e
(e) a breakdown of the costs deducted by the PEPP provider at least over the last 12 months, indicating the costs of administration, costs of safekeeping of assets, costs related to portfolioexplicit transactions costs and other costs, as well as an estimation of the impact of the costs on the final benefits.
Amendment 766 #
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 strategyon the basis of a risk-mitigation technique that the PEPP saver recoups the capital invested. A mechanism with full capital protection shall not be a mandatory product characteristic of a default investment option. In connection with the default investment option, each provider shall be free to choose the type of risk-mitigation technique concerned.
Amendment 844 #
Proposal for a regulation
Article 48 – paragraph 3
Article 48 – paragraph 3
3. The relevant total fees and charges applied by the transferring PEPP provider to the PEPP saver for the closure of the PEPP account held with it shall be limitedamount to no more than 1.5 %EUR 150 of the positive balance to be transferred to the receiving PEPP provider.
Amendment 858 #
Proposal for a regulation
Article 52 – paragraph 1 – introductory part
Article 52 – paragraph 1 – introductory part
1. In the light of the differing conditions for tax incentives in Member States, PEPP providers may make available to PEPP savers one or more of the following forms of out-payments:
Amendment 878 #
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, following conclusion of a PEPP contract and can be changed once every five years thereafter during, at the end of the accumulation phase, if applicable.