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Raisin dials up its pension ambitions with Mambu workplace rollout

A key customer win for Dr Alexander Kihm and the Raisin Pension team.

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Dr Alexander Kihm/Raisin.

Savings marketplace Raisin has signed up fellow fintech Mambu to roll out its workplace pension scheme for its employees in Germany.

Raisin began its journey to enter the pension market in 2019 with the acquisition of pension specialist fairr, and now offers an occupational pension plan for workplaces.

The bilingual (English and German) offering is based on low-cost ETFs, is entirely digital and has a fixed annual fee.

Raisin’s pension plan can receive employer and employee contributions, and Mambu’s staff can decide whether to invest in a conventional or sustainable ETF portfolio and how much they wish to contribute.

"The German pension system, which is in need of reform, is hungry for smart retirement investment options,” said Dr Alexander Kihm, head of pension products at Raisin.

“Employers need to provide their employees with an adequately funded pension and Mambu, as a fast-growing fintech, is pioneering the use of our company pension product.”

Mambu, in particular, takes a very generous approach to its employees’ pensions, matching contributions 100 per cent up to €138 and 50 per cent up to €238/month (only 15 per cent is required by German law).

At retirement, employees can choose between a lifelong pension (an annuity) at rates guaranteed today, or a partial or complete payout based on the accumulated assets, plus the benefits remain even if employees leave the company.

“The completely digital, ETF-based pension plan fits in with our corporate philosophy and remains with employees long term, even if they do change careers,” said Tim Strink, VP of global finance at Mambu.

“As an employer, it is particularly important for us to think about all perspectives in our pension solution."

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