๐๐ก๐ ๐๐ฅ๐ญ๐๐ซ๐ฌ๐ฏ๐จ๐ซ๐ฌ๐จ๐ซ๐ ๐๐๐๐ฉ๐จ๐ญ ๐ข๐ฌ ๐๐จ๐ฆ๐ข๐ง๐ . ๐๐ฌ ๐ฒ๐จ๐ฎ๐ซ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐ข๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐ซ๐๐๐๐ฒ? With the Bundestag's decision on the pension reform, aโฆ | Upvest
๐๐ก๐ ๐๐ฅ๐ญ๐๐ซ๐ฌ๐ฏ๐จ๐ซ๐ฌ๐จ๐ซ๐ ๐๐๐๐ฉ๐จ๐ญ ๐ข๐ฌ ๐๐จ๐ฆ๐ข๐ง๐ . ๐๐ฌ ๐ฒ๐จ๐ฎ๐ซ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐ข๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐ซ๐๐๐๐ฒ? With the Bundestag’s decision on the pension reform, a race against time begins. In the latest article for Der Bank Blog , Upvestโs COO Jonathan Brander breaks down what the 1. January 2027 deadline means for financial institutions. Key takeaways: ๐ ๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐ฉ๐ซ๐๐ฌ๐ฌ๐ฎ๐ซ๐ ๐จ๐ง ๐ฉ๐ซ๐จ๐๐ข๐ญ๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐ฆ๐จ๐๐๐ฅ๐ฌ With the 1% cost cap as the new benchmark, financial institutions still relying on manual processes for settlement, tax treatment, or reporting will find it challenging to maintain margins. Profitability now depends on digital-first infrastructure that can automate operations and reduce overhead. ๐ ๐๐จ๐ซ๐ ๐๐ฅ๐๐ฑ๐ข๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐จ๐ซ ๐ฌ๐๐ฏ๐๐ซ๐ฌ ๐ฆ๐๐๐ง๐ฌ ๐ฆ๐จ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ฑ๐ข๐ญ๐ฒ ๐๐จ๐ซ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ซ๐ฌ The new framework allows contributions across two contracts per user, with full tax deferral during the savings phase. Capturing this opportunity requires systems that monitor deposit limits and tax thresholds in real time, and connect seamlessly with the ZfA. ๐ ๐๐๐ซ๐ค๐๐ญ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ข๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐ซ๐๐๐๐ข๐ง๐๐ฌ๐ฌ 8 months. Thatโs all that stands between financial institutions and Germanyโs biggest pension reform in decades. In this short window, existing โRiesterโ contracts need to be migrated, while new products need certification. The market leaders will be those building now to offer a seamless, digital-first experience from day one. Read the full article (in German ๐ฉ๐ช): ๐ https://lnkd.in/dfA–eqH