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The FSMA publishes update on costs in the second and third pillar pensions

Press release
Two retired people talk to a woman working on a laptop

The FSMA has today published an update to its report on costs in the second and third pillar pensions (available in French - Dutch only). The new data indicate that the costs charged by financial institution for pension products have generally remained stable. Reporting on costs enables the FSMA to identify the insurance products with the highest costs. The legislation and regulations in this area require insurance companies to offer products that provide consumers with sufficient ‘value for money’. The FSMA has therefore started to examine the practices of insurance companies that offer the most expensive pension products. High costs have a significant impact on the return on the product, and thus require particular attention.

This press release is not available in English. Please consult the French or Dutch site.