Pension Finance Lab
In 2022, the Leibniz Institute SAFE and the Goethe University Frankfurt have joined forces to develop and test a prototype of a data trustee platform, including a mobile application for individual pension planning.
The Seasn app is here
The Seasn app forms the basis of the platform, which allows users to upload their data on financial investments and pension entitlements. Interested people with pension entitlements in Germany can download the Seasn app (in Germany) for Android and IOS. Using the app they can plan their current pension situation. The Seasn app is designed to give users answers to questions such as whether their future pension is sufficient for their current lifestyle, or what they can do to be financially secure in old age.
More information in the Seasn app (in German).
Research by Goethe University and SAFE
In addition, users can provide pseudonymized data, ie., data that does not reveal their identity, for research via the platform. The SAFE Pension Finance Lab was founded to provide the technical and organizational infrastructure. By combining this data with in-app surveys, researchers at Goethe University and SAFE will be able to conduct sophisticated field experiments in the area of pension finance and, particularly, retirement planning.
The Seasn app is funded by the Hessian Ministry of Science, the Hessian Ministry of Digital Affairs, and the German Federal Ministry of Economics and Climate Protection.
News
Financial literacy made in Hesse: New study results and launch of the Seasn app
SAFE strengthens financial education in Hesse with research and innovation with the Seasn app and the Hessenmonitor, a study on the financial literacy of young adults in Hesse.
Looking into your own financial future: Digital Pension Transparency
In this episode of Digitalgespräch, the podcast of the Centre Responsible Digitality (ZEVEDI), SAFE Senior Researcher Andreas Hackethal explains why it is so difficult for many people to get a good idea of their own financial future and how an app can help to close such knowledge gaps.
Identifying pension gaps in time even with low financial literacy
A joint study by SAFE and ZEW Mannheim shows the positive effects of having a digital pension overview that takes all three pillars of old-age provision into account
