Retirement Savings Depot 2027: Is Your Legacy IT Ready?
New Retirement Products. New Processes. Existing Core Systems.
With the Retirement Savings Depot, a new product world for private retirement savings will emerge in 2027. However, the technical preparation for banks, insurance companies, and financial service providers begins today.
New depot, funding, inventory, reporting, and transfer processes must interact with existing systems. Customer data and contract information must be available, new platforms need access to existing applications - and this is where new requirements often collide with decades-old COBOL and mainframe systems.
RetroCode helps you make your existing IT fit for the Retirement Savings Depot – without unnecessarily replacing functioning core systems.
The Retirement Savings Depot also becomes an IT challenge
The introduction of new retirement products affects not only product management, sales, and compliance.
It reaches deep into existing IT architectures.
Especially in banks, insurance companies, and financial service providers, central customer, contract, and inventory information often resides in historically grown core systems.
New digital solutions must therefore be able to communicate with existing applications.
This raises central questions:
- Which existing applications and COBOL processes are affected by the retirement savings depot?
- Where are the required customer, contract, and inventory data located?
- Which existing processes need to be adjusted or expanded?
- What new interfaces are needed?
- How are legacy and mainframe systems connected to modern platforms?
- How can new requirements be integrated without unnecessarily changing business-critical core systems?
- How can the architecture be prepared for future regulatory and digital requirements?
Those who address these questions early on can reduce technical risks and lay the foundation for faster implementation.
Retirement Savings Depot Readiness Check
With the RetroCode Retirement Savings Depot Readiness Check we analyze together with you the impacts of the new requirements on your existing IT landscape.
In doing so, we combine a deep understanding of COBOL and mainframe systems with modern integration and modernization approaches.
1. Legacy & COBOL Impact Analysis
We identify the applications, programs, and components that are relevant to the retirement savings depot.
In this context, we consider among other things COBOL applications, mainframe systems, batch processes, databases, interfaces, and dependencies.
2. Data- & Process Analysis
We analyze which existing data and processes are needed for the new product world and in which systems they currently reside.
This can include, for example, customer, contract, inventory, transaction, and product data.
3. Interfaces & Integration
We examine how existing systems can be connected to new applications, depot solutions, and platforms.
The goal is an architecture in which existing data and functions become available through modern interfaces.
4. Modernization Needs
Not every legacy system needs to be replaced.
We identify which applications can continue to operate, be specifically expanded, integrated, or gradually modernized.
5. Implementation Roadmap
From the analysis, a concrete technical target image with prioritized measures emerges.
This gives you transparency about, what needs to be adjusted, where risks exist, and what steps are necessary for implementation.
Your result
After the readiness check, you will know:
✓ which legacy and COBOL systems are affected
✓ which data and processes are needed
✓ where new interfaces are required
✓ which systems should be adjusted, integrated, or modernized
✓ what technical risks and dependencies exist
✓ which measures should be prioritized for implementation
A concrete technical roadmap for implementing the retirement savings account within your existing IT landscape.
Is your IT ready for the retirement depot 2027?
Find out now what impact the new product world has on your existing systems, data, and processes.
Talk to our COBOL and mainframe experts about your retirement depot readiness check.
Request Retirement Savings Depot Readiness Check