Legal analysis of a long-term investment product

Legal analysis of a long-term investment product Abstract This thesis focuses on a new retirement savings product in the Czech Republic, the long- term investment product (DIP). The DIP legislation came into effect in 2024, complementing the existing portfolio of retirement savings products, particularly the supplementary pension savings (DPS) and the supplementary pension insurance. First, the thesis examines the reasons for the existence of retirement savings products in general, primarily through demographic changes in the population, followed by an introduction of traditional retirement savings products. It also discusses two ways in which the government assists individuals in these products: the system of state contributions and tax support. The thesis then shifts its focus to DIP as such, primarily in terms of its providers, the asset classes that can be held within it, and its tax implications. The cost-effectiveness of DIP is also analyzed, particularly in comparison with DPS. The following two parts of the thesis, Chapters 3 and 4, are practically oriented. Chapter 3 presents calculations for several economic scenarios of using DIP and DPS. The analysis shows that, under the assumptions made, DIP can be up to three times as effective in appreciating the funds as DPS, thanks to a combination of...