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Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a pan-European Personal Pension Product (PEPP) (Text with EEA relevance)

article  4

CELEX:  02019R1238-20240109

PEPP contract
1. The PEPP contract shall lay down the specific provisions for the PEPP in accordance with the applicable rules referred to in Article 3.
Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a pan-European Personal Pension Product (PEPP) (Text with EEA relevance)

article  4

CELEX:  02019R1238-20240109

2. The PEPP contract shall in particular include the following:
(a) a description of the Basic PEPP, as referred to in Article 45, including information on the guarantee on the capital invested or the investment strategy directed at ensuring the capital protection;
(b) a description of the alternative investment options, as referred to in Article 42(2), where applicable;
(c) the conditions related to the modification of the investment option referred to in Article 44;
(d) where the PEPP offers biometric risk coverage, details of that coverage, including the circumstances that would trigger it;
(e) a description of the PEPP retirement benefits, in particular the possible forms of out-payments and the right to change the form of out-payment referred to in Article 59;
(f) the conditions related to the portability service referred to in Articles 17 to 20 including information on the Member States for which a sub-account is available;
(g) the conditions related to the switching service referred to in Articles 52 to 55;
(h) the categories of costs and total aggregate costs expressed in percentage terms and in monetary terms, where applicable;
(i) the conditions related to the accumulation phase for the sub-account corresponding to the Member State of residence of the PEPP saver referred to in Article 47;
(j) the conditions related to the decumulation phase for the sub-account corresponding to the Member State of residence of the PEPP saver referred to in Article 57;
(k) where applicable, the conditions under which advantages or incentives granted are to be repaid to the Member State of residence of the PEPP saver.