German government to make pension funds join dashboard

The German government is preparing an ordinance to make pension funds exchange data with the pension dashboard – Digitale Rentenübersicht – by the end of next year, said Imke Petersen, head of the Zentralen Stelle für die Digitale Rentenübersicht (ZfDR), the unit within the first pillar manager Deutsche Rentenversicherung responsible for designing the platform.

“On 31 December 2024 all pension funds will have not only to be registered with us, but also will be able to deliver [data],” Petersen said, adding that the ordinance will likely foresee different phases to reach the point of delivery.

The Deutsche Rentenversicherung is now dealing with topics including the support of pension schemes on the path to join the platform, the implementation of automated connection tests, and further functionalities, according a presentation Petersen gae last week during the Handelsblatt occupational pension conference.

Petersen said during the event that a further topic in the future could relate to the possibility of other countries joining the platform, but at the moment this step is not yet planned.

Currently, more that 400 pension funds, belonging to 78 organisations, are in the process of registering and joining the dashboard, she added.

The operational phase of the Digitale Rentenübersicht started in December last year, with an assessment of the platform initiated in January to further developing it. The Deustche Rentrenversicherung started an evaluation process to understand how user-friendly the platform is.

Source: ipe