Latest news and analysis of pensions, asset management, regulation and trends in Germany from our award-winning journalists.
Unions have a new role in determining the shape of occupational pensions but are mindful of their duty to protect workers
Pension fund/entity | Assets (€’000)
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Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; Gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022
ESMA’s guidelines will ‘completely replace’ BaFin’s old supervisory approach, says BaFin’s Thorsten Pötzsch
The scheme has seen an increase in its allocation to European bonds and global bonds, offset by a decline in emerging market bonds
As a result, equity investments were cut, particularly European stocks
Germany plans to reduce public subsidies for the pay-as-you system between 2025 and 2027
For the move, the pension fund held back on real estate and infrastructure investments
Company | Assets (€m)
As at 30.9.23, *29.10.23, **30.11.23, ***31.12.23
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Pensions are a hot topic in corporate Germany, where skills shortages and an ageing workforce have led to a war for talent, as well as a renaissance in occupational retirement provision in the fight for workforce skills.
ESMA’s guidelines will ‘completely replace’ BaFin’s old supervisory approach, says BaFin’s Thorsten Pötzsch
The scheme has seen an increase in its allocation to European bonds and global bonds, offset by a decline in emerging market bonds
As a result, equity investments were cut, particularly European stocks
Germany plans to reduce public subsidies for the pay-as-you system between 2025 and 2027
Bundesrat on first pillar pension system, KENFO, CERN, and Switzerland’s AMAS on stewardship
For the move, the pension fund held back on real estate and infrastructure investments
The scheme has fine-tuned its strategic asset allocation after conducting ALM studies
The draft bill misses the opportunity to adjust the level of pensions after inflation, says WTW
The draft law to reform the first pillar pension system is insufficient to place the pay-as-you-go system on a financially sustainable footing, it says
The strategic investment target is worth 5% of the total assets of ZVK and ULAK, the two funds under SOKA-BAU’s management