DETAIL OF CLASSIFICATION ITEM

Classification: Classification of Products ver. 2008 (CZ-CPA)

Abbreviation: CZ-CPA_KL Version: 1 Validity: 01.01.2008 - 09.09.9999 Family: Products

Language version: EN

Classification level: 6

Item: 653011 - Individual pension funding services

Item's explanatory note:

This subcategory includes:
- underwriting services of annuities, i.e. plans which provide income payments at regular intervals to individuals

Plans may require a single contribution or a series of contributions; may be compulsory or optional; may have nominal benefits determined in advance or dependent on the market value of assets supporting the plan; and, if related to employment, may or may not be portable with a change in employment. The duration of the period during which benefits are paid may be fixed in terms of a minimum or maximum; there may or may not be survivors' benefits.

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Correspondences:
Classification of Products ver. 2008 (CZ-CPA) - level 5 - Category	65301	Pension funding services