Publicação
The PEPP : how to bridge the current gap in european pension schemes
| Resumo: | The European Union is facing an ageing society. The sustainability of the social security systems is at risk in a number of countries, the pension coverage is frequently low and there is a high percentage of poverty amongst older people. These reasons, associated to the recent creation of a new personal pension product, the Pan-European Personal Pension Product (PEPP), motivated this research. In fact, the main objective of our study is to «dissect» this (still unknown) product, that can make a difference for people to enjoy their retirement years more securely. PEPP is an innovative product that aims to challenge the status quo of supplementary pension vehicles in the EU, which experts have described as complex, fragmented and often very costly. Differing from the current Portuguese retirement saving plan (PPR) in some important aspects, such as portability, PEPP allows its customers to keep saving towards their pensions, even in the event of moving to another Member State of the European Union. In addition, the study aims to perceive whether the Portuguese company where the internship took place, CA Vida – Companhia de Seguros, would profit from marketing this new product, considering its typical customer and a profit testing carried out on the PPR product it currently offers. It would have been interesting to perform the same test for the PEPP and compare results, however there is still no statistical data on the latter, as it is not yet on the market. Nevertheless, a few conclusions resulted from the work and the internship, as a whole. |
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| Autores principais: | Rodrigues, Francisca Moreira |
| Assunto: | Life Insurance Pension Plans and Funds PEPP PPR Profit Testing Seguros de Vida Planos e Fundos de Pensões |
| Ano: | 2021 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| Resumo: | The European Union is facing an ageing society. The sustainability of the social security systems is at risk in a number of countries, the pension coverage is frequently low and there is a high percentage of poverty amongst older people. These reasons, associated to the recent creation of a new personal pension product, the Pan-European Personal Pension Product (PEPP), motivated this research. In fact, the main objective of our study is to «dissect» this (still unknown) product, that can make a difference for people to enjoy their retirement years more securely. PEPP is an innovative product that aims to challenge the status quo of supplementary pension vehicles in the EU, which experts have described as complex, fragmented and often very costly. Differing from the current Portuguese retirement saving plan (PPR) in some important aspects, such as portability, PEPP allows its customers to keep saving towards their pensions, even in the event of moving to another Member State of the European Union. In addition, the study aims to perceive whether the Portuguese company where the internship took place, CA Vida – Companhia de Seguros, would profit from marketing this new product, considering its typical customer and a profit testing carried out on the PPR product it currently offers. It would have been interesting to perform the same test for the PEPP and compare results, however there is still no statistical data on the latter, as it is not yet on the market. Nevertheless, a few conclusions resulted from the work and the internship, as a whole. |
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