9 Amendments of Wolf KLINZ related to 2017/0143(COD)
Amendment 326 #
Proposal for a regulation
Recital 68
Recital 68
(68) This Regulation should not be understood as obliging Member States to apply to PEPPs the same tax rules as they would apply to comparable personal pension products under their national laws. However, iIn application of the national treatment principle, stemming from Articles 21 and 45 of the TFEU and interpreted by the Court of Justice of the European Union, ita PEPP should be possible for a PEPP that is objectively comparable to a personal pension product (PPP) distributed in a given Member State toand should benefit from the same tax relief granted to the PPP in this Member State, if the PEPP saver there is subject to tax. This also applies if the PEPP is provided by a provider from another Member State.
Amendment 725 #
Proposal for a regulation
Article 33 – paragraph 1 – point g – point i (new)
Article 33 – paragraph 1 – point g – point i (new)
(i) The PEPP provider does not have to be represented in all Member States, but shall ensure that, in the event of a move to another country, it has established partnerships for advising a PEPP saver.
Amendment 726 #
Proposal for a regulation
Article 33 – paragraph 1 – point g – point ii (new)
Article 33 – paragraph 1 – point g – point ii (new)
(ii) PEPP providers shall identify PEPP products as European products.
Amendment 737 #
Proposal for a regulation
Article 34 – paragraph 1
Article 34 – paragraph 1
1. PEPP providers shall offer up to fivthree investment options to PEPP savers, all of which shall be based on the life cycle model.
Amendment 753 #
Proposal for a regulation
Article 36 – paragraph 1
Article 36 – paragraph 1
1. The PEPP saver shall be able to opt for a different investment option once every five years of accumulation in the PEPPonly once, no later than after six years, for a different investment option.
Amendment 772 #
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 safebe a defensive life-cycle investment for the PEPP saver, i.e. a high-dividend blue-chip investment strategy.
Amendment 777 #
Proposal for a regulation
Article 37 – paragraph 2
Article 37 – paragraph 2
Amendment 804 #
Proposal for a regulation
Article 39 – paragraph 1 – point a
Article 39 – paragraph 1 – point a
(a) the risk-mitigation technique to ensure capital protection unexpected to provider the default investment optionbest balance between a high level of safety and good returns;
Amendment 866 #
Proposal for a regulation
Article 52 – paragraph 1 – point c
Article 52 – paragraph 1 – point c
(c) drawdown payments;, provided that a good reason for them can be adduced. There may be good reasons for early drawdown payments, e.g. divorce or death. The cost of the additional administrative burden that drawdown payments involve will be passed on to all savers.