Welt: This detail will determine the future of private pensions

The German government plans to replace the Riester pension with the new state-subsidised retirement savings account. As the final details of the draft bill are being finalised, one of the key issues under discussion is the maximum level of fees. These play a significant role in long-term wealth accumulation, as Die Welt explains in a sample calculation, drawing on figures from the Deutsches Aktieninstitut’s return triangles.

The article was published on 16 March 2026.