Pension savings account: Important supplement to contributions

We welcome the proposed reforms to private pension provision, which are an important supplement to the statutory pay-as-you-go system. The non-guaranteed pension savings account enables additional provision through long-term, high-yield equity investments. The standard account, consisting of a maximum of two funds, offers a simple, transparent and cost-effective pension option.

In order for it to be successful in Germany, Deutsches Aktieninstitut believes that the draft bill should be supplemented by further measures, such as possible use in occupational pension schemes and linking it to the early retirement pension.