The European Commission is seeking views on how to make supplementary pensions more accessible, transparent and effective for citizens across the EU. This initiative is part of the savings and investments union (SIU) and aims to help individuals build stronger financial security for retirement.
The consultation seeks feedback on a range of possible measures to support wider participation in occupational and personal pension schemes and to improve the tools available to citizens for tracking, comparing and understanding pension entitlements. Key areas include the potential role of automatic enrolment to boost participation, as well as the development of national pension tracking systems and pension dashboards to provide clearer individual information and stronger data for policymaking.
Stakeholders are also invited to comment on the review of the Directive on the activities and supervision of institutions for occupational retirement provision (IORP II Directive), with a focus on strengthening governance, enhancing risk management, improving transparency and enabling the scaling up of workplace pensions. Moreover, the consultation aims to identify obstacles to the uptake of the pan-European Personal Pension Product (PEPP) and gather views on ways to support its broader use across the EU. In particular, it seeks inputs on how to simplify the existing Basic PEPP, including by facilitating its digital distribution and exploring the possibility of enrolment through the workplace.
The Commission invites social partners and all stakeholders, including pension providers, consumers, civil society and Member States authorities to share their views by 29 August 2025.
On Monday 16 June, the Commission will also host a reality check dedicated to exploring emerging trends in retirement provisioning across the European Union. This forum will highlight best practices from Member States on occupational and personal pensions.
This consultation and the stakeholders’ forum are a key step in preparing the next phase of the savings and investments union. The insights gathered will inform a package of measures to be presented in the fourth quarter of 2025.
