Pan-European Pensions & Tontines: Can Europe take a global pensions lead?

Pan-European Pensions & Tontines: Can Europe take a global pensions lead?
The Pan-European Personal Pension is the new gold standard for personal pensions. Can PEOPs & tontines now do the same for IORPs?

Europe is leading the world towards an open pensions market where consumers can choose from best-in-class personal providers. The next evolution of pensions is for members of occupational schemes to be able to enjoy similar standards of governance and protection as those now afforded to private savers under the new Pan-European Personal Pensions Regulation.

This event highlights both the need for Pan-European Occupational Pensions ("PEOPs") and the benefits that can PEOPs can bring to members. These include enabling employer-sponsored access to sustainable lifetime income pensions, which can provide enhanced retirement income for savers but with no more risk for the employers than if they were contributing to a regular defined contribution scheme.

This event is a co-operation between CBBA-Europe and TontineTrust.

The Cross Border Benefits Alliance-Europe (CBBA-Europe) is a Brussels-based advocacy organisation, that exchanges ideas, good practices and innovative solutions in the field of the employee benefits, other social benefits and investments. These include - but are not limited to – pensions, healthcare, disability, long-term care as well as programmes for the well-being/wellness of people in the workplace and private life.

TontineTrust is the world's leading provider of tontine-based lifetime income pension solutions to governments, institutions and consumers. Tontine pensions enable a form of collective risk sharing which has been cited by the OECD, among others, as having the particular advantage of enabling consumers to enjoy higher incomes in retirement whilst at the same time mitigating their risk.

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TontineTrust is preparing to become one of the first Pan-European low-cost pension providers.

We are pioneering the first modern pure 'tontine' pension which adheres to the now OECD recommended model which will "enable higher retirement incomes and significantly mitigate risk for consumers as well as any governmental or corporate sponsors".

In March we arranged a webinar to discuss how the advantages of tontines could be introduced to Europe's workplace pensions.

, by Dean McClelland
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The information in this site is informational and of general guidance only. Nothing in this website should be taken as constituting individual advice to you. The choices you make, or do not make, around the investment of your retirement account are your own responsibility.

Neither TontineTrust nor TontineTrustees can be held responsible for any financial loss arising from your investment choices or lack of them. Values can fall as well as rise whatever type of pension is chosen and no particular level of retirement benefit from a pension can be guaranteed.

TontineTrust is building a platform which supports the issuance of risk sharing lifetime income products such as tontine pensions. TontineTrustees is a Designated Activity Company operating as a Pensions Institution engaged in the business of granting lifetime income pensions linked to human life. It's first pension when launched will also seek approval to be classified as one of Europe's first Pan-European Personal Pension Products or 'PEPPs'.

PEPPs are a new generation of personal pension products which comply with the European Union’s latest regulations creating the gold standard of personal pension product design in terms of value for money, transparency and governance. Once TontineTrustees's pension product completes it's registrations, it will be launched on the TontineTrust platform with the support of best of breed investment service providers with the aim to be available in 27 countries by the end of 2022. Neither TontineTrust, TontineTrustees nor TTRT offer or provide investment services.

Certain activities carried out by TontineTrust will be subject to the supervision of the Pensions Authority. Such activities include acting as a Registered Administrator for occupational pension schemes and group personal pensions. As these services are not regulated by the Central Bank of Ireland they are not covered by the Investor Compensation Scheme.