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Stop the Capital Protection Scam & Get the PEPP Pension You Deserve
BETTER F.
started this petition to
European Parliament & European Commission
YOUR PENSION
- The global pensions gap is widening and fees and inflation are destroying the value of long-term savings. Therefore, now more than ever, we – pensions savers – are in need of a simple, transparent and cost-effective long-term retirement savings product that would provide a decent return in the current low-interest environment.
Fortunately, the European Commission is working towards a simple, standardised and cost-effective Pan-European Personal Pension (PEPP), which could meaningfully reduce the pensions gap, by providing a good “value for money” option for all European savers and pensioners. The "Default Option" of such a PEPP should benefit from a real “capital protection” that makes sure that, upon retirement, you will at the very least get back the money that you invested in the first place. It is crucial to protect the full savings amount before the deduction of all accumulated fees, charges and expenses, and in real terms, i.e. offsetting the negative impact of inflation over time.
THE SCAM - If the PEPP's definition of capital adopted by the European Parliament and EU Council allows you to recoup only the nominal capital invested net of all accumulated fees and costs without offsetting inflation, it will destroy the purchasing power of your pension savings. Therefore, calling it "capital protection" is seriously misleading.
TIME FOR ACTION - Stand up against this scam, sign the BETTER FINANCE petition and send this video and petition to your MEP.
To achieve this, we:
Fortunately, the European Commission is working towards a simple, standardised and cost-effective Pan-European Personal Pension (PEPP), which could meaningfully reduce the pensions gap, by providing a good “value for money” option for all European savers and pensioners. The "Default Option" of such a PEPP should benefit from a real “capital protection” that makes sure that, upon retirement, you will at the very least get back the money that you invested in the first place. It is crucial to protect the full savings amount before the deduction of all accumulated fees, charges and expenses, and in real terms, i.e. offsetting the negative impact of inflation over time.
THE SCAM - If the PEPP's definition of capital adopted by the European Parliament and EU Council allows you to recoup only the nominal capital invested net of all accumulated fees and costs without offsetting inflation, it will destroy the purchasing power of your pension savings. Therefore, calling it "capital protection" is seriously misleading.
TIME FOR ACTION - Stand up against this scam, sign the BETTER FINANCE petition and send this video and petition to your MEP.
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VIDEO LINK: https://www.youtube.com/watch?v=q-JUucArdcs
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FIND YOUR MEP: http://www.europarl.europa.eu/meps/en/home
To achieve this, we:
- successfully engage in EU financial policy advisory groups,
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processes and in campaigns to provide relevant information and better
protection for end-users, -
promote market integrity and transparency for individual investors and non-industry stakeholders and
- establish better governance of financial supervision for all European citizens.
Posted
(Updated )
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