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Vorschläge zur Verbesserung der kapitalgedeckten Altersvorsorge aus verbraucherpolitischer Sicht


  • Gerd Billen
  • Lars Gatschke


The success of the government-sponsored pension depends on three main factors: (i) Empowering willing consumers to save additional money for the future. For it simplified, standardized, and comparable information about Riester products and expected benefits are needed. (ii) False incentives for distribution of financial products must be eliminated. (iii) Regulation has to be effectively supervised and the consumer protection has to be a focus of the regulatory authority. Der Erfolg der staatlich geförderten Altersvorsorge hängt von drei wesentlichen Faktoren ab: (i) Die Verbraucher müssen tatsächlich willens sein, zusätzliche Sparleistungen aufzubringen. Dafür müssen sie aber auch einfache und transparente Informationen zu den Produkten und bestehenden Anwartschaften erhalten. (ii) Fehlanreize im Vertrieb von Finanzprodukten müssen beseitigt werden; und (iii) Regulierung muss eine wirksame Aufsicht umfassen. Dies setzt bei der Aufsichtsbehörde aber auch einen Paradigmenwechsel voraus: Der Schutz der kollektiven Interessen der Verbraucher muss in den Fokus der Aufsichtspraxis rücken.

Suggested Citation

  • Gerd Billen & Lars Gatschke, 2012. "Vorschläge zur Verbesserung der kapitalgedeckten Altersvorsorge aus verbraucherpolitischer Sicht," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 81(2), pages 237-243.
  • Handle: RePEc:diw:diwvjh:81-2-17

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    Private pensions; transparency; independent advice; non profit product;

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • I39 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Other
    • K29 - Law and Economics - - Regulation and Business Law - - - Other


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