The pan-European Personal Pension Product (PEPP) is an innovative solution of the European Parliament and the Council, which is to be a response to the demographic processes taking place in the EU Member States. The creation of a new supranational pension product is intended to contribute to the growth of Europeans' long-term savings and strengthen the EU capital markets. The article assumed by the authors aims to present the most important issues related to PEPP and its implementation into the national legal system, taking into account the regulatory and economic perspectives. The main thesis is the possibility of improving satisfaction with pension products in comparison with the existing product, which is the Individual Retirement Account (IKE). The article consists of 3 parts. The first presents the most important aspects of the Regulation of the European Parliament and the Council No. 2019/1238 of 20/06/2019 on a pan-European Personal Pension Product, Dz.U.UE.L.2019.198.1. Then, the draft act on the pan-European individual pension product was discussed and compared with the functioning act on individual retirement accounts and individual retirement security accounts. The last part of the publication is the results of a pioneering, original study of IKE holders.