PEPP saver definition

PEPP saver means a natural person who has concluded a PEPP contract with a PEPP provider;
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PEPP saver means a natural person who subscribes to a PEPP with a PEPP provider;
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PEPP saver means any natural person;
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Examples of PEPP saver in a sentence

  • The switching process should be straightforward for the PEPP saver.

  • Portability involves the PEPP saver changing residence to another Member State without changing PEPP providers, whereas the switching of PEPP providers does not necessarily involve a change of residence.

  • At the request of the PEPP saver, the switching service shall be initiated by the receiving PEPP provider.

  • The modification of the investment option shall be free of charge for the PEPP saver.

  • Where a PEPP provider or distributor referred to in Article 19(c) of this Regulation informs the PEPP saver that it gives its advice on an independent basis, it shall give that advice on the basis of an analysis of a sufficiently large number of personal pension products available on the market to enable it to make a personal recommendation, in accordance with professional criteria, regarding which the PEPP-related contract would be adequate to meet the PEPP saver’s needs.

  • This capital protection, allowing the PEPP saver to recoup the capital invested and providing an inflation indexation mechanism, shall be consumed at the moment of switching providers.

  • If the PEPP saver has no outstanding obligations on the PEPP account, the PEPP provider with which the PEPP saver holds that PEPP account shall provide assistance referred to in points (a), (b) and (c) of paragraph 1 of this Article on the date specified by the PEPP saver, which shall be at least six business days after that PEPP provider receives the PEPP saver’s request unless otherwise agreed between the parties.

  • In order to facilitate cross-border switching, the PEPP saver should be allowed to ask the new PEPP provider to provide the PEPP saver with information giving details of the new PEPP account, preferably within a single meeting with the new PEPP provider.

  • The total fees and charges applied by the transferring PEPP provider to the PEPP saver for the closure of the PEPP account held with it shall be limited to no more than 1,5 % of the positive balance to be transferred to the receiving PEPP provider.

  • The new compartment shall be opened by signing a new contract, or amending the existing one, between the PEPP saver and the PEPP provider, in compliance with the applicable contract law.


More Definitions of PEPP saver

PEPP saver means: 3. ‘PEPP saver’ means a natural person who contracts a PEPP with a PEPP provider or distributor;
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