The Committee failed to ensure that PEPP providers would be required to guarantee workers’ pension savings when investing them on the financial market. The Committee did achieve some improvements in the role of European and national monitoring authorities, the reference to preferential investment of funds with good governance and positive environmental and social impacts. Also, a “basic option” would be available to all savers with obligatory explanatory information. The ETUC calls on the negotiations to ensure more guarantees to savers. It also calls for a regulatory system that does not compete with collective pension schemes.