News Detail

𝐆𝐞𝐫𝐦𝐚𝐧𝐲’𝐬 𝐩𝐞𝐧𝐬𝐢𝐨𝐧 𝐬𝐲𝐬𝐭𝐞𝐦 𝐧𝐞𝐞𝐝𝐬 𝐚𝐧 𝐮𝐩𝐠𝐫𝐚𝐝𝐞 𝐚𝐧𝐝 𝐭𝐨𝐝𝐚𝐲, 𝐰𝐞 𝐭𝐨𝐨𝐤 𝐚 𝐬𝐭𝐞𝐩 𝐭𝐨𝐰𝐚𝐫𝐝 𝐦𝐚𝐤𝐢𝐧𝐠 𝐢𝐭 𝐡𝐚𝐩𝐩𝐞𝐧. Together with leading banks, brokers and asset managers representing the majority of German investors, Upvest co-authored a joint position paper on Germany’s pension reform. This morning, we shared it with government stakeholders. Our message: 𝐓𝐨 𝐞𝐧𝐬𝐮𝐫𝐞 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲, 𝐆𝐞𝐫𝐦𝐚𝐧𝐲 𝐦𝐮𝐬𝐭 𝐞𝐱𝐩𝐚𝐧𝐝 𝐢𝐭𝐬 𝐩𝐞𝐧𝐬𝐢𝐨𝐧 𝐬𝐲𝐬𝐭𝐞𝐦 𝐭𝐨 𝐢𝐧𝐜𝐥𝐮𝐝𝐞 𝐦𝐨𝐝𝐞𝐫𝐧, 𝐜𝐚𝐩𝐢𝐭𝐚𝐥-𝐛𝐚𝐬𝐞𝐝 𝐩𝐢𝐥𝐥𝐚𝐫𝐬 𝐚𝐧𝐝 𝐦𝐚𝐤𝐞 𝐢𝐭 𝐞𝐚𝐬𝐲 𝐟𝐨𝐫 𝐩𝐞𝐨𝐩𝐥𝐞 𝐭𝐨 𝐛𝐮𝐢𝐥𝐝 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐰𝐞𝐚𝐥𝐭𝐡 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. The paper outlines five key recommendations for the planned Frühstart-Rente and Riester reform, including: 1️⃣ Introducing the Altersvorsorgerdepot and combining it with the Frühstart-Rente into one well-thought through and scalable pension product 2️⃣ Removing mandatory guarantees putting the capital markets at its core 3️⃣ Enabling more flexible payout models, including early or partial withdrawals 4️⃣ Allowing additional contributions for the Frühstart-Rente to make better use of compound interest effect 5️⃣ Expanding eligibility to all taxpayers in Germany We welcome the proposed reform and call for the introduction of a pension product that meets the demands of today’s generation of investors. While the timelines keep shifting, we urge the government to introduce a scalable product as soon as reasonably possible, even if it means implementing it mid-year. Millions of people are already turning to capital markets for retirement savings. Let’s build a system that meets them where they are. Read the full paper here: 👉 https://lnkd.in/d5uVY5zH #PAV #PensionReform #Altersvorsorge #FrühstartRente