Regulatory Alerts2023-06-29
Lowering Barriers in the Third Pillar
The Dutch Authority for the Financial Markets (AFM) identifies low awareness, accessibility, and comparability as key barriers preventing consumers from effectively utilizing third-pillar pension products. The regulator urges industry providers to adopt sector-wide initiatives to standardize naming, clarify fiscal rules, and improve product transparency to mitigate the risk of suboptimal consumer choices. These recommendations aim to enhance consumer understanding and ensure that individuals can make informed decisions regarding supplementary pension savings.
Share