Regulation for a reduction of annual cost of private pension plans - Petitions
Regulation for a reduction of annual cost of private pension plans
Public petition n°3998
Petitioner: Ricardo Alberto Gomez Nieto
This petition is available in other languages:
Object of the petition
Entry fees for Luxembourg private pension plans (Pillars II and III) can reach 4%, and management fees up to 1.5%, despite many funds merely tracking or underperforming indices. These costs erode long-term returns. Parliament should cap entry fees and limit annual management fees to 1% (100 bps) to improve fairness and attractiveness.
Reason for the petition
This issue is widely shared by many beneficiaries of private pension funds (Pillars II and III) in the financial sector. The performance gap between Luxembourg pension funds and ETFs (Exchange Traded funds)-operating in a competitive market-investing in the same strategies and asset classes highlights the high level of fees charged by pension fund managers. Balanced regulation, consistent with the UCITS fund market (Undertakings for Collective Investments in Transferable Securities), is necessary.
Key information
Verifying signatures
Submission date
05/03/2026
Opening of the signature collection
26/03/2026
Additional information
Petition background
Petition signatories
10/05/2026
The period for signing the public petition n°. 3998 is closed on 10-05-2026 - Number of electronic signatures before validation: 56
08/04/2026
The period for signing the public petition n° 3998 is extended until 09-05-2026, on 08-04-2026
New end date of the signature period: 09-05-2026
26/03/2026
The public petition n°3998 is open for signature, on 26-03-2026
25/03/2026
The public petition n°3998 was declared admissible by the Committee on Petitions on 25-03-2026
Admissibility: admissible Start date of the signature period: 26-03-2026 at 0:00 a.m. End date of the signature period: 06-05-2026 at 11:59 p.m.
Signature collection period closed
Registered signatures are undergoing a validity check.
Registered signatures
56 / 5 500
Regulation for a reduction of annual cost of private pension plans
Public petition n°3998
Petitioner: Ricardo Alberto Gomez Nieto
This petition is available in other languages:
Object of the petition
Entry fees for Luxembourg private pension plans (Pillars II and III) can reach 4%, and management fees up to 1.5%, despite many funds merely tracking or underperforming indices. These costs erode long-term returns. Parliament should cap entry fees and limit annual management fees to 1% (100 bps) to improve fairness and attractiveness.
Reason for the petition
This issue is widely shared by many beneficiaries of private pension funds (Pillars II and III) in the financial sector. The performance gap between Luxembourg pension funds and ETFs (Exchange Traded funds)-operating in a competitive market-investing in the same strategies and asset classes highlights the high level of fees charged by pension fund managers. Balanced regulation, consistent with the UCITS fund market (Undertakings for Collective Investments in Transferable Securities), is necessary.
Signature collection period closed
Registered signatures are undergoing a validity check.
Registered signatures
56 / 5 500
Key information
Verifying signatures
Submission date
05/03/2026
Opening of the signature collection
26/03/2026
Additional information
Petition background
Petition signatories
10/05/2026
The period for signing the public petition n°. 3998 is closed on 10-05-2026 - Number of electronic signatures before validation: 56
08/04/2026
The period for signing the public petition n° 3998 is extended until 09-05-2026, on 08-04-2026
New end date of the signature period: 09-05-2026
26/03/2026
The public petition n°3998 is open for signature, on 26-03-2026
25/03/2026
The public petition n°3998 was declared admissible by the Committee on Petitions on 25-03-2026
Admissibility: admissible Start date of the signature period: 26-03-2026 at 0:00 a.m. End date of the signature period: 06-05-2026 at 11:59 p.m.