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Pension package: Consumer advocates criticize Commission’s approach

The EU Commission’s pension package does not address the core problem of the poor quality of European pension products, consumer advocates complain. The Commission’s arguments are based on feedback from the financial sector and is putting its hopes on greater competition.

János Allenbach-Ammann
21. November 2025
EU Commissioner Albuquerque holds press conference in Brussels BRUSSELS, BELGIUM - NOVEMBER 20: Maria Luis Albuquerque, the European Commission’s member responsible for Financial Services, Savings and Investment Union (SBI), held a press conference to present the Supplementary Pension Package in Brussels, Belgium on November 20, 2025. Dursun Aydemir Anadolu Brussels Belgium. Editorial use only. Please get in touch for any other usage. Copyright: x2025xAnadoluxDursunxAydemirx
On Thursday, Financial Market Commissioner Maria Luís Albuquerque presented her package for supplementary pensions. (IMAGO / Anadolu Agency)

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Last updated: 21. November 2025

Savings and investment union Capital Markets Union Financial market Pension Finances Financial policy