Introduction

SFTI’s Pension common-API raises the efficiency in the pension ecosystem. The vision is to open up the data silos of the pension funds and thereby improve pension planning in Switzerland:

• Openness: Pension fund data is accessible - with the consent of the insured - for a variety of applications.
• Simplicity: Each person can easily get an overview of his or her own pension plan and easily make possible adjustments.
• Transparency: Each person has full transparency about their own retirement provision.
• Efficiency: Pension funds and employers benefit from increased efficiency.

This lays the foundation for an ecosystem of insured persons, pension funds, employers, banks, insurance companies, etc. to emerge with a variety of offerings that complement each other. Here are a few possible use cases:

• Couples can use an app to get an overview of their joint financial situation after retirement and suggestions for increasing their pensions.
• Insured persons make purchases into the pension fund with small, recurring contributions, e.g., directly from a banking app.
• In the case of comprehensive investment advice, the bank queries the pension fund and OASI pension data directly - with the insured's prior consent.
• Insured persons can have scenarios for early retirement calculated at the push of a button and by an independent app.
• To finance a home, the insured person can automatically withdraw or pledge money from the pension fund.
• An insurance company queries the risk benefits (death, etc.) of the pension fund - with the prior consent of the insured person - in order to identify gaps and make tailored offers.
• An SME introduces new HR software that automatically reports employee mutations to the pension fund in quasi real-time via the standardized interface.

Guidelines

We offer guidelines to improve and uniform our coding and documentation style. Please read them carefully. You can find our guidelines on the project toplevel Wiki (swissfintechinnovations/.github).