Rollinger’s Appeal for Life Annuities
Norbert Rollinger, the CEO of R+V Insurance, calls for a clear commitment to promoting life annuities to strengthen retirement provision in Germany. He emphasizes that life annuities should play a more significant role compared to ETF savings plans, particularly for savers and investors dealing with retirement provision.
Background and Motivation
Rollinger’s demand comes in the context of the current challenges in the financial sector. Banks in Germany have increasingly sold their own products following the interest rate hike starting in 2022, leading to a decline in the sales of life insurance. Additionally, advancing digitization has shifted interactions towards digital platforms, affecting the physical presence of banks.
Strategic Orientation of R+V
R+V plans to fundamentally restructure to remain competitive. This includes a stronger focus on customer needs, modernization of IT systems, and shifting the corporate culture. A key lever for this strategy is close cooperation with the cooperative banks, which act as distribution partners.
Importance of Life Annuities
Life annuities offer a certain level of security and predictability compared to ETF savings plans, as they guarantee a lifelong pension. This is particularly important for those who wish to rely on stable retirement provision. Rollinger’s demand aims to emphasize this security and strengthen retirement provision in Germany.
Challenges in the Financial Sector
The financial sector faces various challenges, including the risks associated with default-prone loans. In this context, promoting life annuities as part of retirement provision is particularly relevant to provide long-term financial security.
Summary
Norbert Rollinger’s call for a clear commitment to promoting life annuities is part of a comprehensive strategy aimed at strengthening retirement provision in Germany and ensuring R+V’s competitiveness. Life annuities provide a stable foundation for retirement provision.