Economy
The public is passive and paying a premium: Why 'transferring power to the customer' doesn't work?
The compulsory pension mechanism they are now trying to change is an example of a successful default setting, but in recent years financial regulators are transferring more and more responsibility for financial conduct to consumers' shoulders. Data shows that a large portion of consumers don't use the information presented to them and pay a premium.
· Source: TheMarker. Photo as published in the article
The compulsory pension mechanism they are now trying to change is an example of a successful default setting, but in recent years financial regulators are transferring more and more responsibility for financial conduct to consumers' shoulders. Data shows that a large portion of consumers don't use the information presented to them and pay a premium.
