Towards efficient pillar II and III pension decisions in Belgium: Product innovations, customized goal-based pension planning and nudging Ghent University
Pensions in Belgium are based on three pillars: the state pension (pillar I), the supplementary work-related pension (pillar II), and the pension that each person can arrange for himself (pillar III). The OECD pension outlook (OECD, 2018) calls for action to deal with the declining trend in the ratio between the retirement income (i.e. the sum of pillar I, II and III pensions) and the employment income at the time of retirement. Indeed, due ...