The costs are high, the returns on the Rürup and Riester pensions are tiny. Despite funding, there is hardly any profit. But savers can do something to make the contracts worthwhile.
I’ve been struggling with my Riester contract for a long time, now I have a plan: I finally want to increase the return on my policy. I have to, otherwise the conclusion of this lifelong contract will later become a tragedy.
Why do I even own it? I was young and wanted the money. After all, the financial advisor and the state had promised me good returns and generous benefits. So I started researching funds. This is what Stiftung Warentest advised. At the time, I didn’t understand why the advisor talked me into expensive unit-linked insurance instead of the slim fund savings contract that I had asked him for. I wasn’t yet a financial journalist.
Source: Stern
