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The crisis of statutory pension insurance is widening - private retirement provisions are therefore indispensable. Banks, insurance companies, and financial service providers present themselves as a reliable alternative to public pension systems. However, it is corporate interests - and not the customers’ needs - which are the focus of insurance and financial products and counseling.
Worse yet: Suppliers promise high returns and security, although in all probability they will not be able to keep those promises. Their concepts prove to be short-sighted. They presuppose undisturbed economical development with significant, long-term growth - which has not yet ever occurred. Also, significant obstacles and risks in economical, political, and social as well as global developments are ignored. Just as with statutory pension insurance, the principle of hope also dominates private retirement provisions, so that the concept threatens to fail in the long-run. The victims will be those who privately invest in their retirement.
This book illustrates the suppressed risks of retirement provisions and financial investments in an understandable manner. However, it does not stop at analysis: It demonstrates extensively and practice-oriented how retirement provision with greater security is possible. A book of great utility which, with its comprehensive and holistic view, rises above conventional financial literature.
The topic of private retirement provisions passes well in the profile of Studienbüro Jetzt & Morgen, which develops concepts for the future with the help of analyses of the present. Until now, we have demonstrated holistic social concepts which are capable of solving the urgent current and future problems. In light of behavior which enlarges these problems instead of solving them, society and individuals must prepare for turbulent times. “The Risk of Private Retirement Provisions” demonstrates for the topic of provision for old age what that means and which measures can be taken in order to ensure secure retirement provisions and property in turbulent times.
Published September 2004 in German:
“Das Risiko Privatvorsorge: Ein Leitfaden für sicher Altersvorsorge und Geldanlage”
ISBN 3-8334-1657-2.
Publisher: Books on Demand GmbH
232 pages, 21 illustrations, € 17.80
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