Germany: Pensions and Investment News and Analysis

The Christian Democrat-led grand coalition has reactivated the process to reform a pension system hit by high costs and an ageing population. The process will follow two main paths: on one side reinforcing statutory pensions, which remain the central and most important pillar, and on the other side nudging people towards occupational and private pension savings.

Pension Funds in Germany - Country Report

The new German government has to clear the backlog to move pensions forward

Germany country report 2025: New government faces choices on pensions reform

The collapse of Germany’s three-party coalition last year left behind a backlog of laws and proposals on pensions. What happens now?

TOP GERMAN PENSION FUNDS 2024

Pension fund/entity | Assets (€’000)

  1. Bayersiche Versorgungskamer (BVK) | 111,900,000
  2. VBL | 59,300,000
  3. BVV | 34,158,074
  4. Siemens AG | 26,055,000
  5. Daimler AG | 21,890,000

©IPE Research;  View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview

 

TOP MANAGERS: GERMAN INSTITUTIONAL ASSETS

Company | Assets (€m) 

  1. MEAG | 284,642*
  2. Union Investement  | 229,910**
  3. Allianz Global Investors | 175,140
  4. DWS Group | 157,286
  5. DekaBank | 155,906***
  6. Generali | 103,665****
  7. BayernInvest 91,761
  8. Amundi | 69,027
  9. BlackRock | 61,408
  10. AXA Investment Managers | 60,101*

As at  31.12.24, *30.9.24, **29.11.24, ***30.12.24, ****31.12.23

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IPE European Pension Fund Awards

 

IPE BEST PENSION FUND IN GERMANY AWARD WINNERS

  • 2023 - Bosch Pensionsfonds
  • 2022 - Bosch Pensionsfonds
  • 2021 - Bosch Pensionsfonds
  • 2020 - Bosch Pensionsfonds
  • 2019 - Ärzteversorgung Westfalen-Lippe | Telekom Pension Fund

Find out more about the IPE awards and how to be involved