PENSION FUNDS : RETIREMENT SCHEMES: CONSUMERS POORLY INFORMED, SAYS EIOPA.
| Position | European Insurance and Occupational Pensions Authority |
The Union's pensions supervisory authority advises national and EU policy makers to take account of consumers' behaviour when they set rules for information disclosure on defined contribution (DC) retirement schemes. In a report on good practices in this area, Good practices on information provision for DC schemes', published on 22 February(1), the European Insurance and Occupational Pensions Authority (EIOPA) notes that legal and technical information on this type of pension scheme - which places the full investment risk on members - "has proven not to be effective and can...
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