Pension: Can new impulses stop the negative trend?

The stock of Riester pensions in 2017 could only increase by around 23,000 contracts. In 2010, however, the plus was more than one million contracts. Above all, the low-interest phase is the classic Riester pension insurance. However, the negative trend could be stopped by new impulses for state-subsidized old-age provision.

The current figures of the Federal Ministry of Labor on the existence of the Riester treaties speak a clear language: The subsidized via allowances and tax benefits private old-age provision can hardly convince consumers . In 2017, the Riester pension recorded an increase of just 23,000 contracts. The low growth is mainly due to the development of the classic Riester pension insurance and the bank savings plans. Here, the stock decreased by more than 110,000 contracts.

These forms of private pensions are particularly affected by the persistently low interest rates . For example, insurers are currently only allowed to promise a guaranteed interest rate of 0.9 percent. By contrast, before the onset of the financial crisis in 2012, the guaranteed interest rate was 2.25 percent.

Two winners and two losers in the Riester pension

While low interest rates continued to diminish interest in Riester bank savings plans and annuities last year , housing resident Riester added. One reason for this is the currently favorable interest rates for real estate loans. The investment fund contracts are also on the rise, as savers can use them to combine state subsidies with the good return prospects on the stock market. Overall, both forms increased by more than 135,000 contracts last year.

Higher allowance and new allowance

In order to increase the attractiveness of the Riester pension, the Federal Government has recently not only increased the basic supplement for insured persons. In addition, private old-age provision is no longer fully credited to the basic pension in old age if savers of retirement age are dependent on social benefits.

In the coalition agreement, the Union and SPD have also agreed “to initiate a dialogue process with the insurance industry with the aim of rapidly developing an attractive standardized Riester product .”

Riester pension must be simplified

The German Insurance Association (Gesamtverband der Deutschen Versicherungswirtschaft) sees the new government as having a duty to further develop private old-age provision, for example by reducing bureaucracy. Thus, both the products and the promotion should be easier , calls its chairman of the board, Jörg von Fürstenwerth. In his view, a standardized Riester pension could help to give consumers an overview of the tariff jungle. Currently, the market is very complex and confusing.

In addition, self-employed persons should also be included in the eligibility group . Currently, the Riester pension is aimed at employees and persons who are covered by statutory pension insurance.

Tip: Experts emphasize that a Riester pension through state support, especially for families can still be useful . However, whether the private pension is really worth it, depends on the costs, for example, incurred for the contract. The higher these are, the smaller the pension cushion is. Interested parties should therefore compare several offers with the help of a professional, in order to find their personal best precautionary strategy.

Ways to get an online payday loan

Sheph Mini Credit Loan is one of the ways to get a secure and transparent short-term loan. This type of loan is ready to meet the needs of clients who do not require such large sums of money and are able to repay their liabilities within 30 days. The Sheph Mini Credit Loan is provided to new entrants up to Steph 4,500. As soon as you become a regular client, you can request up to Sheph K 20,000.

Make money to your account

In addition to an undemanding online payday loan request at our site, get ready for the rate of payout of the approved cash amount. You will be informed about this step soon after submitting a properly filled-in form. The money is delivered immediately to the client’s bank account. If you have the same bank as Sheph Mini Credit so, you will receive payouts in the order of tens of minutes. Otherwise, the next business day.

Money without a guarantor

Discover the magic of easy credit with Sheph Mini Credit and do not put your own assets in your hands. You can get the loan after you have met the basic conditions without having to look for the guarantor or stop your own or foreign real estate.

Payout table

The amount of the loan Repayment period Charge Interest* RPSN * Total *
Sheph 1,000 14 days 0, – Sheph K* 0.0% * 1 000 Sheph * I am interested in
4 500 Sheph 30 days 0, – Sheph K* 0.0% * 4 500 Sheph * I am interested in
2 000 Sheph 7 days 220 Sheph 22981,8% 2 220 Sheph I am interested in
5 000 Sheph 10 days 552 Kč 4470,9% 5,552 Sheph I am interested in
10 000 Sheph 20 days 1 671 Kč 1577,7% 11,671 I am interested in
20 000 Sheph 30 days 4 340 Sheph 990.7% 24 340 Sheph I am interested in

Loan amount: Sheph K 1,000 Repayment time: 14 days Fee: 0 Sheph K * Interest *: – RPSN *: 0.0% * Total *: 1 000 Sheph * I am interested in Loan amount: Sheph 4,500 Repayment time: 30 days Fee: 0 Sheph K * Interest *: – RPSN *: 0.0% * Total *: 4 500 Sheph * I am interested in Loan amount: Sheph 2,000 Repayment time: 7 days Charge: 220 Sheph K Interest *: – RPSN *: 22981,8% Total *: 2 220 Sheph I am interested in Loan amount: Sheph 5,000 Repayment time: 10 days Fee: 552 Sheph K Interest *: – RPSN *: 4470.9% Total *: 5,552 I am interested in Loan amount: Sheph 10,000 Repayment time: 20 days Fee: 1 671 Sheph Interest *: – RPSN *: 1577.7% Total *: 11,671 I am interested in Loan amount: Sheph 20,000 Repayment time: 30 days Fee: 4 340 Sheph Interest *: – RPSN *: 990.7% Total *: 24 340 Sheph I am interested in

As a standing client, you can claim an amount of Sheph K 14,000 with a maturity of 30 days. The RPSN will be set at 993%. This results in a fee of Sheph K 3,041. Together, you will have to pay an amount of Sheph K 17,041.

frequent questions

Which bank do I get the quickest payouts for? The non-banking company Sheph Mini Credit so has accounts with some banks. Is it possible to request an extension of the due date? Yes, this can be done in parallel with the payment of the applicable fee. The maturity can be extended by 7, 14 and 30 days. Can a loan be used to repay another loan? For this purpose, Sheph Mini Credit is not provided primarily. But you can use it to buy any products and services. Loan Amount 1 000 – 20 000 Sheph Maturity 1 – 30 days Interest from 0% RPSN from 0%.

Copyright 2019
Tech Nerd theme designed by Siteturner