Demographic change and economic development in recent years have put private pension provision under considerable pressure. As the third pillar alongside statutory pension insurance and company pension schemes, it is indispensable for a sustainable overall system and can only fulfill this function to a limited extent under the current framework conditions.
With the planned pension reform law, the federal government wants to reorganize tax-subsidized private provision: higher returns, cheaper, less bureaucratic, more flexible, simpler and more transparent. The focus is on the goal of making significantly better use of the opportunities offered by the capital markets and thus creating more efficient supplementary old-age security for broad sections of the population.
On December 5, 2025, the Federal Ministry of Finance presented the draft bill for a law to reform tax-subsidized private pension provision. This draft forms the basis of the present Bitkom statement, which was developed in collaboration with the FinTech & Digital Banking, Insurance & InsurTech working groups and the startup initiative Get Started.
