The Liechtenstein Financial Market Authority has issued FMA Communication 2025/4 setting out the framework conditions under which Liechtenstein pension funds may remunerate insurance intermediaries. The communication limits remuneration to services that are in the interests of the community of insured persons and therefore of the pension fund, and prohibits remuneration for activities relating to employer obligations. The communication enters into force on 1 January 2026 and will be applied from 1 January 2027.
Liechtenstein Financial Market Authority 2025-11-20
Liechtenstein Financial Market Authority restricts pension funds’ remuneration of insurance intermediaries under Communication 2025/4
The Liechtenstein Financial Market Authority issued FMA Communication 2025/4, establishing conditions for pension funds to remunerate insurance intermediaries. Remuneration is limited to services benefiting the insured community and excludes activities related to employer obligations.