German Government Promotes Stock-Based Retirement Savings
Germany is changing its state-subsidized retirement savings product rules to promote investments primarily in stocks or ETFs. This policy shift aims for significantly higher returns compared to previous Rießer-contracts, which had lower returns due to non-risk-oriented investment restrictions. The new products will involve higher risk for investors, and the premiums contribute to overall tax revenue shortfalls. A new policy goal in Germany is to encourage individuals to save more for their old age. The goal is for individuals to save more for old age themselves, in addition to the existing 'Riecher-Rente' pension scheme. The Bundesrat has explicitly welcomed a reform designed to make additional savings more attractive. The state will promote financial products, particularly those investing in stocks or ETFs, to enable significantly higher returns compared to previous Riester contracts.
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Sources · 7 independent
Inforadio RBB
“In Zukunft fördert der Staat Produkte, die hauptsächlich in Aktien oder ETFs investieren. Höheres Risiko, aber Rendite deutlich höher als bei bisherigen Rießer-Verträgen.”
WDR 2
“Ziel ist, dass Menschen mehr selbst fürs Alter sparen, zusätzlich zur Riecher-Rente.”
BR24
“Der Bundesrat hat die Reform ausdrücklich begrüßt. Die Bundesregierung will damit erreichen, dass die Menschen in Deutschland neben der staatlichen Rente und der betrieblichen Altersvorsorge mehr selbst fürs Alter sparen.”
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