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 PEPP saver shall opt for an investment option upon conclusion of the PEPP contract.

  • Where the PEPP KID concerns a PEPP contract covering biometric risks, the PEPP provider’s obligations under this section shall be only towards the PEPP saver.

  • With regard to the payment or reception of fees or commissions or the provision or reception of non-monetary benefits in connection with the distribution of a PEPP to or by any party except the PEPP saver or a person acting on behalf of the PEPP saver, PEPP providers or distributors referred to in Article 19(c) of this Regulation shall comply with the applicable national laws giving effect to the rules set out for investment firms in Article 24(7)(b) and (9) of Directive 2014/65/EU.

  • Member States may require the request from the PEPP saver to be in writing and that a copy of the request be provided to the PEPP saver.

  • Having received the relevant information and advice, the PEPP saver shall choose an investment option when concluding the PEPP contract.

  • At the request of a PEPP saver or of a PEPP beneficiary or of their representatives, the PEPP provider shall provide the supplementary information referred to in Article 37(1) and supplementary information about the assumptions used to generate the projections referred to in point (d) of Article 36(1).

  • Without prejudice to the deadline under Article 13(3), immediately after being informed about the PEPP saver's intention to exercise his right of mobility between Member States, the PEPP provider shall inform the PEPP saver about the possibility to open a new compartment within the PEPP saver's individual account and about the deadline within which such compartment could be opened.

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

  • This means that:- Before the purchase of the product, PEPP providers and distributors will have the obligation to check PEPP savers' retirement needs and in particular the choice of annuities.- At the time of decumulation, PEPP providers and distributors will have to offer the PEPP saver personal retirement planning advice, including a personal recommendation to the PEPP saver on his or her optimal form of out-payments.

  • The request shall allow the PEPP saver to provide specific consent to the performance by the transferring PEPP provider of each of the tasks referred to in paragraph 3 and to provide specific consent to the performance by the receiving PEPP provider of each of the tasks referred to in paragraph 5.


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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