Choosing a pension fund is one of the most important economic decisions that a person makes during his lifetime. In the pension marketing policy in Israel, a person usually chooses a pension plan when meeting with an insurance agent, who may have a conflict of interest. The study looked at whether the pension plan choice related to the recommendation of the insurance agent and how the proper disclosure provided by him and the level of financial literacy by the person in receiving the decision affected the decision.

The Economic Quarterly