For several years now, myLife Lebensversicherung AG has been working with Fondsdepot Bank on its innovative myLife Invest pension solution. Among other things, Fondsdepot Bank is responsible for providing the securities accounts required for unit-linked life insurance policies, processing all transactions, providing data, and regulatory processes in connection with fund and ETF trading.
Both companies have now decided to intensify their cooperation in the long term and to expand the fund selection to more than 7,000 mutual funds and ETFs. The selection and structuring of funds by the advisor are thus virtually unlimited at myLife Invest.
"The long-term cooperation with Fondsdepot Bank is entirely in the interests of our customers. Together, we want to further optimize technical processes and continue to keep our costs at a low level. After all, the lower the costs, the more money is left over for our customers' returns," says Jens Arndt, CEO of myLife Lebensversicherung AG, about the continued cooperation.
Fondsdepot Bank is also pleased about the successful conclusion of the contract. Sebastian Höft, Head of Business Partner Management and authorized signatory at Fondsdepot Bank, commented: "myLife has a strong command of the insurance business and is the leading provider of net policies for unit-linked life insurance. It is a perfect fit that we can support myLife with our expertise in trading and safekeeping fund units. Both partners are focusing on what they do best."
About Fondsdepot Bank
"We - Fondsdepot Bank - are the platform for trading and holding funds in Germany that has no product interests of its own. Our partners decide independently how and which products they offer their customers for investment. In doing so, they do not have to worry about us poaching their customers. We focus on neutrality and joint success. This is also the reason why Germany's largest insurance and financial sales companies trust us and work closely with us.
More than 200 sales partners of various sizes rely on our expertise and experience. Since our company was founded in 1993, we have been able to support many of them with our services relating to the trading and safekeeping of funds - as a service provider or development partner for new business models. In doing so, our partners can rely on our mastery of the regulatory framework for the entire value chain. As the largest liability umbrella in Germany, we have a special responsibility in this regard.
We also leverage our in-house expertise - from legal to information technology to production and our own customer contact center. This makes us the only fund platform in Germany that is functionally completely independent. So it's no surprise that no other platform manages as much customer assets (as of January 2021, over 52 billion euros) as we do."
Contact for the press
Marco Pries
Head of Marketing, Fondsdepot Bank
+49 9281 7258-2377
presse(at)fondsdepotbank.de
About myLife Lebensversicherung AG
As a German life insurance company, myLife Lebensversicherung AG exclusively offers pension solutions in which customers and financial advisors can agree on the remuneration for consulting and brokerage services independently, individually and directly. Low product and administration costs also ensure that more money is left over for retirement provision and insurance coverage. Maximum transparency and innovative design options when taking out the policy, as well as countless adjustment options during the term of the policy, also create the greatest possible freedom for personal pension provision and protection. myLife and its pension solutions regularly receive awards from leading rating agencies.
Press contact
Kai Brettschneider
Leiter Marketing & PR
+ 49 551 9976-745
presse(at)mylife-leben.de
