Business · Economy · 20 hrs ago

AFM finds pension-choice guidance shortcomings at all eight firms examined

AFM finds pension-choice guidance shortcomings at all eight firms examined

The Dutch Authority for the Financial Markets (AFM) examined eight pension funds and insurers.

It found shortcomings at all eight organisations.

The AFM said participants received insufficient, incorrect or late information about the effects of their pension choices.

People need that information to understand the consequences of the options available to them.

The statement does not specify which choices or organisations were involved.

It gives no details about what happens next.

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Theo GommerNot stated
The AFM (Authority for the Financial Markets) found shortcomings in choice guidance at (all) eight pension funds and insurers examined. Participants receive insufficient, incorrect or late information about the consequences of pension choices.
via De Telegraaf