The new tariffs for the funds-linked basic pensions of the Wiesbaden-based financial service provider Delta Lloyd have now been awarded the highest ranking of "Outstanding FFF" by Franke & Bornberg. This top-ranking assessment is based primarily on their great degree of flexibility in terms of payments and contribution investment.
The new tariffs for the funds-linked basic pensions of the Wiesbaden-based financial services provider Delta Lloyd have now been awarded the highest ranking of "Outstanding FFF" by Franke & Bornberg. Apart from the high guaranteed pension factor, this top-ranking assessment is based primarily on their great degree of
Flexibility in terms of payments and contribution investment
"The main products we concentrate on include fund-linked products for retirement provision and insurance policies providing cover for incapacity to work. So it is all the more satisfying that our new tariffs for our funds-linked basic pension have now also been awarded the highest rating by Franke & Bornberg, as with this product the investor can combine both aspects and make the best possible use of the tax breaks provided by the state," according to Wolfgang Fuchs, marketing director of Delta Lloyd Deutschland AG.
Making full use of state support
Delta Lloyd Basisrente Invest offers high-yield provision for retirement and is attractive primarily for the self-employed or people nearing the age of retirement looking to secure state support for themselves, as at present up to 66% of contributions can be claimed for tax purposes, and by 2025 this figure will actually have risen to 100%. Taxation then only takes place when the pension is paid out, however this will only be liable what is for the most part the distinctly lower rate of tax applied to retired persons.
If the person so wishes, an insurance policy providing cover for incapacity for work can also be included. Up to 50% of the amount agreed in each case can be directed into this incapacity policy, which then also benefits from the tax advantages favouring the basic pension. The incapacity for work policy includes an element of exemption from contributions for the principal insurance policy. This means that in the event of the person being unfit for work, Delta Lloyd takes over the contributions towards the basic pension. Exemption from contributions can also be selected independently of any incapacity policy, and for monthly contributions of up to €200 and up to €500 for self-employed persons, this is even possible without any health questionnaire.
Securing the family's future
Surviving dependants cover can also be included as an option. If the customer should die while drawing the pension, the outstanding credit balance from the contract is annuitised. The credit balance in the fund available at the commencement of the pension less the amounts of pension already paid is paid out as a survivorship annuity. Unlike most of the other products on the market which offer a guaranteed pension period for drawing the pension, in many cases the Delta Lloyd model produces significantly higher pensions for surviving dependants.
High guaranteed pension factor
An additional plus point for Delta Lloyd's fund-linked basic pension is the high guaranteed pension factor offering an important advantage over other fund-based retirement provision solutions, as the pension for each €10,000 asset value unit in the fund is guaranteed without restriction as soon as the contract commences. So for a 25-year-old over a term of 40 years making a monthly contribution of €100 to the Tarif Basisrente Invest scheme with cover for surviving dependants, there is an assured monthly pension of €573.11, which actually rises to €617.72 without the element of cover for surviving dependants. The assumed increase in value is 6% pa, with the pension being drawn in the form of a dynamic pension.
Maximum flexibility
The new basic pension tariffs of Delta Lloyd offer maximum flexibility both in terms of contribution payments and the investment of contributions. This means that the assets in the fund can be increased at any time by means of flexible cash payments. To cater for tight financial conditions, however, it is also possible to suspend contributions for 12 months, and for special events such as the birth of a child or a house purchase it is even possible for contribution payments to be put off for 18 months. Contribution breaks of up to 24 months are also possible.
The customer also has a large number of options when it comes to investing the assets in his fund. Option 1: he puts together his own individual portfolio from the total of 22 funds available, these including classics such as the Templeton Growth and Sauren Funds, the "Klimawandelfonds" (climate change fund) and Super Funds, investing over a very wide range. Alternatively, the investor can have his fund assets actively managed by Delta Lloyd's experts. In the third variant he chooses a guaranteed fund with highest-level guarantee and therefore maximum security. All three investment variants can be freely combined one with the other, and the investment decision taken can be changed at any time at no cost.
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Further information about:
Delta Lloyd Deutschland AG, Presse and PR, Martina Fassbender
Wittelsbacherstrasse 1, 65189 Wiesbaden
Telephone: 0611 773 25 71
Fax: 0611 773 29 68
E-mail: martina.fassbender@deltalloyd.de
Internet: www.deltalloyd.de
Notes to editors:
About Delta Lloyd
Delta Lloyd Germany is a 100% owned subsidiary of Delta Lloyd Groep, Amsterdam, and therefore part of the British Aviva Group. The company provides a wide range of financial, investment and provident products from a single source, as well as competent consultancy in all financial affairs. Along with the Delta Lloyd Leben and Hamburger Leben life insurance companies, the Delta Lloyd Group in Germany is made up of a pension fund and a consultancy company for company pension schemes, as well as its own private bank, a property company and a property financing brokerage.