The Pan-European Pension Product and the Capital Markets Union: A Way to Enhance and Complete the Economic and Monetary Union?

  • Nuno Cunha RodriguesEmail author
Part of the Financial and Monetary Policy Studies book series (FMPS, volume 48)


The article provides a general framework for the proposal for the Pan-European Personal Pension Product (PEPP) and details some particular aspects that will be discussed in the context of its application such as “national compartments” and the problem of PEPP taxation.

The PEPP is analysed as an instrument of the Capital Markets Union (CMU). It is concluded that it represents an opportunity for the EU to obtain long-term investment liquidity but also that, in the end, it is just a small palliative measure to alleviate the structural deficiencies of the EMU that remain to be solved.


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© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.CIDEEFF - Center for European, Economic, Financial and Tax Law ResearchUniversity of Lisbon, Faculdade de Direito de Lisboa, Alameda da UniversidadeLisbonPortugal

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