What is Pillar 3b?
Like Pillar 3a, Pillar 3b is part of private pension planning. Unlike Pillar 3a, Pillar 3b is not tied to retirement, but can also be used for medium- or long-term savings goals. This is why it is also called free or untied pension provision. The funds earmarked for Pillar 3b can be freely invested, for example through a professional asset management mandate. Due to the medium or long-term investment horizon, low investment costs are also of particular importance here.