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Riester-Rente - Reformen und ein staatliches Basisprodukt sind dringend erforderlich

Author

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  • Annabel Oelmann
  • Ralf Scherfling

Abstract

"Should I start a Riester pension?" According to consumer rights protection agency, Nordrhein- Westfalen (NRW), consumers often cannot answer this question. Many people feel that the rules and regulations of the Riester-Rente products are too complicated, not transparent, and too expensive. The consumer rights protection agency expects both the government and Riester pension providers to provide a consumer friendly market with easy to understand and affordable products. To strengthen consumer confidence, we strongly recommend adopting legal rules and regulations, plus introducing a publically managed Riester pension product offered by, for example, the German Finance Agency, Deutsche Finanzagentur. "Soll ich jetzt riestern?" Die Beratungspraxis der Verbraucherzentrale NRW zeigt, dass Verbraucher diese Frage oft nicht beantworten können. Ratsuchende empfinden die Regeln der Riester-Rente als zu kompliziert und die Produkte als intransparent und zu teuer. Die Verbraucherzentrale Nordrhein-Westfalen sieht Staat und Anbieter in der Pflicht, einfache und kostengünstige - ergo: verbraucherfreundliche - Riester-Produkte am Markt zu etablieren. Um das Vertrauen der Verbraucher zu stärken, halten wir es für erforderlich, die gesetzlichen Regeln anzupassen und ein staatliches Basisprodukt einzuführen, beispielsweise bei der Deutschen Finanzagentur.

Suggested Citation

  • Annabel Oelmann & Ralf Scherfling, 2012. "Riester-Rente - Reformen und ein staatliches Basisprodukt sind dringend erforderlich," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 81(2), pages 245-253.
  • Handle: RePEc:diw:diwvjh:81-2-18
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    File URL: http://ejournals.duncker-humblot.de/doi/pdfplus/10.3790/vjh.81.2.245
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    References listed on IDEAS

    as
    1. Kornelia Hagen & Lucia A. Reisch, 2010. "Riesterrente: Politik ohne Marktbeobachtung," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 77(8), pages 2-14.
    2. Tiffe, Achim & Feigl, Michael & Fritze, Jürgen & Götz, Veruschka & Grunert, Claudia & Jaroszek, Lena & Rohn, Ilonka, 2012. "Ausgestaltung eines Produktinformationsblatts für zertifizierte Altersvorsorge- und Basisrentenverträge," EconStor Research Reports 57575, ZBW - German National Library of Economics.
    3. Gert G. Wagner, 2011. "Gut gemeint, aber nicht gut gemacht: Kommentar," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 78(47), pages 24-24.
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    Cited by:

    1. repec:mea:meawpa:13266 is not listed on IDEAS
    2. Haupt, Marlene & Kluth, Sebastian, 2013. "Take a chance on me – Can the Swedish premium pension serve as a role model for Germany’s Riester scheme?," MEA discussion paper series 201301, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.

    More about this item

    Keywords

    Riester pension; basic product; retirement account; German Finance Agency; retirement investments; consumer rights protection agency; consumer-friendly product;

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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