Project in detail

Comparing the costs of Riester pensions

Members of this project:



We compare costs of 36 representative classic Riester pension contracts using two alternative indicators: the cost-to-savings-ratio and the reduction-in-yield. Due to the mathematical link between the two indicators both reveal an identical ranking of contracts. There are very low and very high priced contracts. The big spread in costs could be related to complicated cost structures and lack of transparency. We consider different savers’ characteristics, like income, the subsidy ratio, and contract duration, and find that they have an influence on the cost indicators. Furthermore, the indicators are only moderately sensitive to changes in the interest rates. Costs are calculated separately for the accumulation and the decumulation phase as well as for the complete contract duration. Cost comparisons have been completed and results documented in a discussion paper. The paper has been submitted for publication.

Publications arisen from this project:

News & Events

SHARE User Conference 2019 in Budapest, Hungary

Registration open

Read more

SHARE Book Release in Brussels - June 25, 2019

First results of SHARE Wave 6 and 7 - Health and socio-economic status over the life course

Read more

Newsletter

Latest Newsletter

MEA is coordinating