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Gunter Grittmann
Head of Information and Communication
E-mail: grittmann@zew.de
Phone: +49 (0)621-1235-132
Fax: +49 (0)621-1235-255
Kathrin Böhmer
Public Relations Officer
E-mail: boehmer@zew.de
Phone: +49 (0)621-1235-103
Fax: +49 (0)621-1235-255
Consumers often consider private pension plans not to be transparent. The existing regulation to reveal all costs of pension plan contracts mostly miss the point of comparing different products. Main reasons for this are the complex products and cost structures on the one hand, and too much and insufficient standardised detailed information on the other hand. A higher transparency can be made by the standardisation of information. These are the main findings of a study conducted by the Centre for European Economic Research (ZEW) in cooperation with Institute for Financial Services e.V. (iff) and infas Institute for Applied Social Sciences on behalf of the German Federal Ministry of Finance. read more