On 8 July, PensionsEurope submitted its answer to the EC’s call for evidence on a recommendation on savings and investment accounts (SIAs). We hilighted that the impact on supplementary pensions of such SIAs should be properly taken into consideration, especially if they benefit from preferential tax treatment as it could jeopardise the objective of providing sufficient income remplacement in old age. We also emphasized that any investment restriction should be avoided as it would go against the principle of diversification.
Please see our answer below.
