Does an attractive pension product design sell by itself? The experience of the Czech Republic.

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F18%3A%230000399" target="_blank" >RIV/04274644:_____/18:#0000399 - isvavai.cz</a>
Result on the web
<a href="https://www.vse.cz/aop/604" target="_blank" >https://www.vse.cz/aop/604</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18267/j.aop.604" target="_blank" >10.18267/j.aop.604</a>

Result language
angličtina
Original language name
Does an attractive pension product design sell by itself? The experience of the Czech Republic.
Original language description
This paper deals with the experience of third pillar reform in the Czech Republic, executed in 2013. The core of our study is formed by a comparative analysis of newly introduced supplementary pension savings and its substitute products (investment funds, life insurance) from two main aspects: product features and distribution features. The outcomes are supported by empirical sales and population penetration of the surveyed products. The results indicate that even a pension product with a very attractive product design, such as supplementary pension savings, will be hampered by its substitutes as long as its distribution features are unattractive. This is an important lesson, particularly for the discussed European solution, the pan-European portable pension product (PEPP).
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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