Retirement provision: From minister to investor: Christian Lindner joins Fintech Ginmon
His plan for a retirement savings depot had already failed due to the red-green coalition. Now the former finance minister wants to benefit from the reform of the current government as an investor.
Christian Lindner, former German Finance Minister and FDP leader, has invested in Frankfurt-based fintech Ginmon, with the amount being in the five-figure range. The investment comes ahead of the introduction of Germany's new pension depot, or Altersvorsorgedepot, which will offer state-backed investments for private pension savings without guaranteed returns.
Ginmon provides a digital platform for independent financial advisors and distributors, and sees the new pension depot as a growth opportunity. The company, founded in 2014, manages around half a billion euros and has partnered with US fund giant Franklin Templeton to offer the Altersvorsorgedepot. Lindner, who previously championed the pension depot as finance minister, sees no conflict of interest in his investment, citing his departure from public office.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
