Do Investment Products Under the Tax Regime of the Long-Term Investment Product Need Regulation of Entry Fees?

Potřebují investiční produkty v režimu dlouhodobého investičního produktu regulaci vstupních poplatků?

Petr Pecina

Český finanční a účetní časopis, 2025, vol. 2025, issue 1, 4-26

Abstract: Significant changes in tax benefits starting in 2024 are driving shifts in the business strategies of companies distributing products under the tax regime of the long-term investment product. In the professional community, proposals are emerging for the potential regulation of entry fees for long-term investment products. This paper discusses the possible impact of regulating intermediary commissions on the overall sales volume of these state-supported products. The impact of pension product regulation on the functioning of the market for these products has been addressed in past publications by authors such as Šindelář and Erben (2017), as well as Musílek (2018). In this paper, I focus on the paradox of commission regulation for otherwise state-supported products and the self-regulating function of entry fees in determining commission levels. The introductory section compares retirement savings products from the perspective of the business strategies of distribution companies. This is followed by a comparison of the effects of two basic forms of entry fees. The final section explores additional implications of potential entry fee regulation.

Keywords: Long-term investment product; Pension companies; Regulation and supervision; Dlouhodobý investiční produkt; Penzijní společnosti; Regulace a dohled (search for similar items in EconPapers)
JEL-codes: G20 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://cfuc.vse.cz/doi/10.18267/j.cfuc.609.html (text/html)
http://cfuc.vse.cz/doi/10.18267/j.cfuc.609.pdf (application/pdf)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlcfu:v:2025:y:2025:i:1:id:609:p:4-26

Ordering information: This journal article can be ordered from
Český finanční a účetní časopis, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
http://cfuc.vse.cz

DOI: 10.18267/j.cfuc.609

Access Statistics for this article

Český finanční a účetní časopis is currently edited by Karel Brůna

More articles in Český finanční a účetní časopis from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().