Ordnungspolitische Weichenstellungen für die anstehende Reform der Riester-Rente

Kleinlein Axel ()
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Kleinlein Axel: Bund der Versicherten e.V.Gasstr.18, 22761HamburgDeutschland

Zeitschrift für Wirtschaftspolitik, 2020, vol. 69, issue 3, 239-249

Abstract: The Riester pensions today face two main problems: First, life insurance industry in Germany faces the problem of inadequate solvency. Therefore, there is a need that we take the Riester pension not as a sole part of the life insurance sector and open it to the whole sector of financial services.Second, the previous regulation of the Riester pension is causing problems. Particularly the guarantee forces mandatory retirement with a life insurance company and the requirement of capital preservation. Therefore we have to review these two guarantee aspects. It is also important to limit costs and to simplify the funding system.The concept of the “Basisdepot-Vorsorge” solves these problems while it is based on promoting precisely those who want to save up for their retirement during their active career, no matter what kind of financial service is included in the accumulation or decumulation phase. To include all different financial service providers creates the needed economical competition to ensure better products for the Riester-Rente.

Date: 2020
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DOI: 10.1515/zfwp-2020-2041

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