Basics Of Pension Planning
From Open Risk Manual
Definition
Basics Of Pension Planning. In the context of the Financial Competence Framework, Basics Of Pension Planning is a topic in the Planning And Managing Finances subject matter domain.[1]
Competences
Mastering the role of Basics Of Pension Planning in financial literacy context requires the following competences:
Code | Competency Description | Competency Type |
---|---|---|
249 | Understands why it is important to consider ways of ensuring financial security beyond working age and start saving for retirement from a young age | Knowledge |
250 | Makes plans to achieve financial security beyond working age | Skill |
251 | Takes into account all likely relevant resources and commitments when planning for retirement | Skill |
252 | Confident to plan for retirement | Attitude |
253 | Appreciates the importance of balancing current standard of living and spending choices with goal of achieving improved financial choices later in life | Attitude |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union