Contents
- 1. Information stating the long-term retirement objectives of…
- 10. The information in the section entitled ‘What is this prod…
- 11. Where information is presented in an electronic format wit…
- 2. The description of the type of PEPP savers to whom the PEP…
- 3. The details of PEPP retirement benefits in the section tit…
- 4. Where the PEPP contract covers biometric risk, information…
- 5. The section titled ‘What is this product?’ of the PEPP KID…
- 6. The section titled ‘What is this product?’ of the PEPP KID…
- 7. The section titled ‘What is this product?’ of the PEPP KID…
- 8. The information related to the performance of the PEPP pro…
- 9. The section titled ‘What is this product?’ of the PEPP KID…
4.Where the PEPP contract covers biometric risk, information shall be included in the section titled ‘What is this product?’ of the PEPP KID on details of that coverage, including a list of risks covered and the circumstances that would trigger the cover and the insurance benefits. The biometric risk premium, as described in point 54 of Annex VI to Regulation (EU) 2017/653, shall be presented in percentage terms of the annual contribution or in the form of the impact of the biometric risk premium on the investment return at the end of the accumulation phase, based on the generic holding periods used for the projected PEPP benefits. Where the premium is paid in the form of a single lump sum, the details shall include the amount invested. Where the premium is paid periodically, the number of periodic payments and an estimation of the average biometric risk premium as a percentage of the annual contribution shall be included in the information.
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