Old-age provision

Increased life expectancy, the low birth rate in Germany and ever shorter working lives have driven Germany’s “pay-as-you-go” social security system to its limits. Awareness among Germany’s population of the need to provide for at least part of their old-age income through private provision continues to grow. However, many people still struggle to fully understand the three-tier old-age provision system (basic provision, supplementary provision and private provision) in Germany – an aspect that leads to a great need for consulting services.

Private Old-age provision

Our core competency of old-age provision is an area that has enjoyed increased popularity over the last few years through Germany’s pension reform. Increased awareness among Germany’s population of having to at least provide a part of their old-age income through personal financing is helping sales of old-age provision products. Overall we can say that there is great demand. Yet in comparison with the competition, the old-age provision specialists at MLP come out on top with their individual needs analyses and holistic old-age provision concepts, the effectiveness of which was recently underlined in a test on the topic of old-age provision performed by the magazine “Wirtschaftswoche”. The demand for old-age provision concepts is far from saturated in Germany. As determined by the Allensbach Institute in 2009 on behalf of Postbank, every third employed person currently has no policies in place to provide private old-age income.

Occuptional pension provision

Occupational pension provision is far from reaching its peak in Germany. And although with around 18 million contracts as it stands today, it is the second most important pillar of old-age
provision, there is still a great deal of untapped potential. Small and medium-sized companies, which account for almost 6o % of all employees in Germany, are only now slowly starting to
discover what this instrument has to offer. Through its acquisition of the leading specialist in industry solutions for occupational pension provision, TPC THE PENSION CONSULTANCY
GmbH, MLP is now in an excellent position to build on its market share in this segment in the future.