The German Company Pension Strengthening Act (Betriebsrentenstärkungsgesetz, BRSG) provides new incentives for company pension schemes to make them more widely used and to create a more comprehensive regulatory framework. The complexity is increasing for all parties involved, such as insurers, intermediaries, employers and employees. Automated processes help counter the rising need for administration and ensure that data is processed in a comprehensive manner and at high quality.
The mandatory employer contribution poses challenges for companies, because as of 2022 current pension schemes must be adjusted. Given the multitude of contracts, this will result in a high level of manual effort, which is likely to cause confusion and increased error rates. Digital selection and marking of contract groups brings added transparency and ensures that adjustments are carried out according to the requirements in a targeted and automated manner for each respective group. Digital applications also make it easier to check product requirements and identify the need for improvements.
The BRSG requires insurers to adjust the contracts and thus make adjustments to their IT systems used to manage the portfolio. Especially in the field of company pension schemes, the multitude of regulations frequently results in legal adaptations. Digital solutions ensure transparency, clarity and access for employers and employees. Sustainable and modular IT applications not only cover your current needs, but they also ensure that you can implement any necessary future adjustments at short notice. This means that your IT systems become adaptable at any scale not only today, but also tomorrow and the day after.
Based on the legal changes, we show you where you need to adjust your IT systems to bring the way you handle company pension scheme processes up to speed. Based on our proven process model, we carry out a two-day workshop with you to define the requirements for your IT applications that derive from the BRSG. This approach provides you with concrete recommendations for action based on a joint evaluation.Let our expertise help you create the right framework that gets your IT applications in shape for adapting to regulatory changes over the long term.