In the three-pillar model, which pillar includes private savings outside of state and occupational pensions?

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Multiple Choice

In the three-pillar model, which pillar includes private savings outside of state and occupational pensions?

Explanation:
In the three-pillar model, retirement income comes from three sources: the state pension (pillar one), occupational or workplace pensions (pillar two), and private savings you accumulate yourself (pillar three). The private savings pillar is voluntary and includes personal savings, investments, and private pension arrangements intended to top up what the state and employer schemes provide. Therefore, private savings outside of state and occupational pensions fall under the third pillar. Note there is no fourth pillar in this framework.

In the three-pillar model, retirement income comes from three sources: the state pension (pillar one), occupational or workplace pensions (pillar two), and private savings you accumulate yourself (pillar three). The private savings pillar is voluntary and includes personal savings, investments, and private pension arrangements intended to top up what the state and employer schemes provide. Therefore, private savings outside of state and occupational pensions fall under the third pillar. Note there is no fourth pillar in this framework.

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