Capital-forming benefits

Management of asset-forming benefits

DIAMOS Asset-forming benefits is a flexible component for the optimal settlement of capital formation benefits fund savings plans with the following functions:

Master data management

• Product configuration
• Configuration of the product-specific fund universe
• Optional definition of advance commissioning (Zillmerisation)
• Contract management
• Data on annual savings, start of contract, end of deposit, end of commitment.
• Historical institute keys and contract numbers
• Contract status
• Management of employer data
   

Processes

• Automated standard processes
  • Allocation of transfers of capital-forming benefits to the capital formation benefits contract
  • Automatic allocation of the employee savings bonus at the end of the term and creation of corresponding fund buying orders
  • Reinvestment of distributions
  • Sequence processing at the end of deposit or end of commitment
    • Bullet charges
    • Follow-up contract annex, including customer information letter
    • Transfer/sale of free shares
• Electronic regulatory reporting
  • Electronic capital formation benefits certificate
  • Notification of early dispositions in accordance with Section 8, paragraph 1 VermBDV to the central office of the regional tax office in Berlin
• Support for correction processes
  • Re-issuance of the certificate for a given year
    Trigger because of rejection of previous report or reporting requirement because of retroactive postings after initial report.
• System-supported contract transfer from other providers