Latest news and analysis of pensions, asset management, regulation and trends in Germany from our award-winning journalists.
Spezialfonds recorded an outlfow worth €1.9bn from pension institutions in the first half of the year, an historic first
German fund industry association distances itself from EFAMA’s position
Bank für Kirche und Caritas, Shareholders for Change and Union Investment ‘see need to work towards common industry standard’
Angela Merkel’s governments largely dodged the political hot potato of first-pillar pension reform, which means the current overhaul to the state system is overdue. But it barely gets to grips with the issues. For one, it does not deal with entitlements or increase the retirement age; second it introduces a funded component that will probably only take effect in the 2030s, when the post-war demographic peak is passing.