INFORMATION AS A KEY INSTRUMENT TO INFLUENCE THE DECISIONS OF FINANCIAL INSTITUTIONS´ CLIENTS IN THE AREA OF PENSION SAVINGS

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Published May 1, 2014

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Mykola Sidak
Comenius University
Andrea Slezakova
Comenius University

Abstract

The article aims on the system of pension savings, mainly on the information provided to the client, before concluding a contract. The area of pension savings includes in Slovakia the sector of retirement pension saving and also the sector of supplementary pension saving. The first part of the article deals with information before the conclusion of the contract and information existing during the validity of contract. The second part deals with the idea whether the sector of retirement pension saving should be influenced by the sector of supplementary pension saving, because there had been some changes introduced in it. Their goal is to provide information in a truthful and comprehensible manner to the supplementary pension asset management companies´ clients. Facing the fact that saving for retirement is one of the most essential decisions in a life on an individual the products offered must reveal more information.

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Issue
No. 11 (2014): Public Security and Public Order (11)
Section
Articles

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