Retirement provision: Why the Deutsche Bank's pension depot does not convince
Deutsche Bank unveils products for the new pension depot. But the costs are low only at first glance - and some products evoke unpleasant memories.
The Deutsche Bank has announced its plans for the state-subsidized Altersvorsorgedepot, a retirement savings account set to launch in 2027. The bank's subsidiary DWS will offer a standard depot with a 0.1% fee for the first two years, rising to 0.28% thereafter. This is comparable to offerings from other providers, such as Deka, which also charges 0.1%, and Scalable Capital, which charges 0.15%.
The Deutsche Bank will also offer additional retirement savings products, including actively managed funds with a self-imposed cost cap of 0.99%, and products from the Zurich insurance company.
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.
