Retirement savings account and Early Retirement Pension as a Service
investify TECH supports financial service providers in rapidly implementing pension scheme reform
Pension scheme as a platform solution
One major advantage of the investify TECH platform is its continuous development. Our approach: If regulatory changes are pending or new market opportunities arise, investify TECH implements them on its innovative platform with the help of custodian banks. This also applies to the following topics:
- Retirement savings account
- Early retirement pension
The retirement savings market offers enormous potential which can easily be tapped with the investify TECH platform.
In the Riester pension sector alone, approximately 15 million contracts can be transferred or revitalised in standard custody accounts without affecting subsidies. In addition, there are millions of potential new customers for the retirement savings account and the early retirement pensions.
Time to market is becoming a success factor!
Tapping the potential of retirement savings requires swift and efficient action. Only a highly automated infrastructure can ensure that millions of government-subsidised contracts are distributed, transferred and managed. In this area, traditional legacy structures have clear (time) limitations. Financial institutions should therefore review their systems based on key criteria: scalability, compliance, digital user experience, interfaces to modern custodians, and related time-to-market aspects. The investify TECH platform can provide swift, easy and secure support for potential challenges.
investify TECH’s end-to-end approach
The advantages of investify TECH’s platform in implementing the pension scheme reform:
One-stop-shop principle:
investify TECH maps the entire value chain (front to back) completely digitally, whether for the retirement savings account or the early retirement pension.
Efficient processes and scalability:
investify TECH takes over all daily operational processes related to government subsidy products in collaboration with the custodian bank, thus ensuring maximum efficiency and scalability.
White-label capability:
Specific product, price and design requirements of the subsidy products can be considered within the platform.
Permanent compliance:
investify TECH ensures that regulatory requirements stipulated in MiFiD, AltZertG etc. are implemented permanently within the platform. The solutions provided are thus permanently compliant.
Cost benefits:
The investify TECH platform approach and the outsourcing of processes mean transparent cost calculations at all times.
Result:
With the help of investify TECH, you can continue to focus on your core competences distribution and asset management also when it comes to the state retirement pension!
