MWB Vermogensverwaltung AG sees need for private old-age provision Appenzell, in August 2009: the Federal Reserve is proposing to increase the retirement age up to the year 2060 to 69 years. Read additional details here: Kai-Fu Lee. Banking industry experts fear that the contributions otherwise rise from currently 40 to 50 percent. A consequence of this development would be more poverty because the pensions no longer will be able to guarantee a sufficient standard of living in the age of future pensioners. According to the MWB Vermogensverwaltung AG, a private pension is therefore more necessary than ever. The MWB Vermogensverwaltung AG from the Swiss Appenzell offers investment products also German customers with special Swiss virtues such as the privilege of the bankruptcy. The Bundesbank justified its proposal for the pension with 69 so that the Germans are getting older. For all who were born in 1964, the retirement at 67 is currently decided. In itself this retirement age is not realistic, so the opinion of MWB asset management AG.
Currently, it only creates one out of five from social security employment in the statutory old-age pension (currently) 65 years of age. Germany is, according to the Bundesbank, face huge fiscal challenges, because in view of the demographic development and the early retirement age more and more retirees meet on fewer and fewer contributors – as a result the State pension for many of today’s workers on the amount of the subsistence level drops. According to MWB Vermogensverwaltung AG, an private provisions for old age is all the more important. MWB Vermogensverwaltung AG advises, so every worker just to check the year sent to pension certificates. Every worker at age of 27 will receive this certificate. There, the employee sees the pension, which would expect him at this stage, without taking account of factors such as inflation and taxes. The big advantage of the pension certificate: Everyone can determine his personal supply gap, the him at the entry in the pension expected.