Why is the Association of German Banks interested in biodiversity? At first glance, it might seem more like the province of nature conservation organisations. But it’s important to remember that conservation of our natural resources is a prerequisite for economic productivity.

Starting in 2027, a new form of government-subsidized private retirement savings—the retirement savings account—will be introduced. Riester savers can switch to the new subsidy system and transfer their accumulated savings. Alternatively, they can continue their existing Riester contracts or suspend contributions.