The European Fund and Asset Management Association (EFAMA) has called for the “restrictive” 5 per cent cap on private asset allocations in the Pan-European Personal Pension Product (PEPP) to be lifted.
In its position paper on the European Commission’s (EC) Supplementary Pension Package, the association said that, instead, the framework should allow investors, either individually or collectively, to select risk profiles that can include higher exposure to unlisted or illiquid assets




