More than that, for the truck system characterizing our present system a high degree of security is a  BIS Review 30/2005  3  prerequisite. People must be able to rely on a given minimum level of pension rights. Above that level, they could be allowed more freedom of choice regarding the risks they run.
What can pension funds do to accommodate these preferences and the diversity of risk profiles? By offering a lower, but guaranteed indexed pension, supplemented with an individual pension build-up based on a risk profile of the participant’s free choice. This does not imply that participants must be showered with thousand-and-one different options.