The blueprint argues that Europe’s current pension framework — split between the Pan-European Personal Pension Product (PEPP) and occupational pensions under IORP II — fails to deliver true cross-border portability. While PEPP offers portability and harmonization, it is limited to personal savings, and IORP II remains fragmented by national labour and social laws, hindering cross-border occupational schemes.
LifeGoals proposes updating the PEPP Regulation to integrate occupational pension features, creating a voluntary “second regime” for employers. This would allow payroll contributions, auto-enrolment, tailored investment strategies, and preservation of occupational rights, while maintaining EU-level portability. The reform would benefit workers (continuous pensions across borders), employers (simplified EU-wide plans), and the EU economy (larger long-term investment pools).
The paper concludes that an Occupational PEPP would align with EU priorities — supporting worker mobility, remote work, and capital markets integration — while leveraging existing IORP II protections.
You can download the full paper here.