Financial education is particularly important for retirement savings and in particular pensions due to the unique nature of these financial products. These are exceptionally long-term contracts with a wide social coverage – involving those with low education and income levels who may display a low risk-tolerance. At the same time private pensions are particularly complex products (involving tax issues, assumptions over future salaries, longevity and interest rates, etc.) and are increasingly important as a source of retirement income, which enlarges their potential impact on financial markets worldwide. In addition, various demographic and social factors – including increasing life-expectancy and the rise of defined contribution pensions involving individual choice – are making the risks individuals face in relation to private pensions increasingly severe.