Subsidized pension plans: do you know your way around? | Insurance | 07/02/2021

In addition to the company pension scheme, a third – also private – old-age provision variant was installed at the beginning of the 2000s with the premium-subsidized future provision. Initially a best seller, the product group has been struggling with falling demand for years. After the financial crisis, many contracts were “stopped” due to high losses, which means that until the end of the term, only the capital guarantee can be generated. In 2012, the state premium for future provision was halved, which made it less attractive. And the product group is currently struggling with the low interest rate environment. Nevertheless, many investors are still paying into the low-premium future pension, so advisors should be familiar with the product group. Test your knowledge!

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