Cost transparency

In relation to the financial market, the requirement that banks and insurance companies disclose their costs to customers, in particular their administrative costs (administration costs: expenses incurred in directing and controlling an institution; the salaries of senior executives and expenditures for general services as data processing center fall under this heading). This enables customers to better compare different offers. – See processing fee, cost pre-charge, Zillmerung. – Cf. 2013 BaFin Annual Report, p. 159 (supervisory authority calls for more transparent cost disclosures by insurance companies).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/