Video: Residential Riester remains popular
The home-based pension is convincing: almost 1.8 million people in Germany have a residential Riester building society savings contract.
Ten years after the introduction of the so-called home pension, the financial product remains very popular. Among all Riester products, the residential Riester building society contract saw the highest growth in 2018. In the first half of the year, the number of contracts grew by 4.5 percent to almost 1.8 million. With Wohn-Riester, the state is promoting the most popular form of private pension provision: your own four walls. Even when moving to a new home, residential Riester savers benefit from their old-age provision. Later, property ownership ensures rent-free living.
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