Insurer for retirement only at 69

In view of the growing pressure on the statutory pension, the german insurance industry is advocating a further increase in the retirement age.
An increase to 68 or 69 from 2030 or 2040 should not be taboo in view of rising life expectancy, said peter schwark, member of the executive board of the german insurance association (gdv). A federal government pension commission starts this wednesday. The advisory body is to make proposals by 2020 for the long-term safeguarding of pensions – for the period after 2025.