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
German Civil Service Federation claims the government is planning to ‘dissolve’ the pension fund
Allocations to real estate, private equity and infrastructure make up 40.6% of EZVK’s €13bn assets
‘We don’t want that in the future contributions are paid for the Generationenkapital. We would ask to explicitly include this in the law,’ Markus Kurth says
Plan laid out after political compromise puts public pensions at risk, critics say
Spezialfonds collected only €1.3bn net in 2023 from pension schemes, down €35bn year-on-year, Kommalpha says
Company | Assets (€m)
As at 30.9.23, *29.10.23, **30.11.23, ***31.12.23
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German companies consider the shortage of skilled workers as one of the biggest risks for the future of their business. According to market data portal Statista, 58% of firms see the lack of qualified workers putting operations at risk in the next few months, second only to the risks posed by energy and commodity prices (61%).
German Civil Service Federation claims the government is planning to ‘dissolve’ the pension fund
Allocations to real estate, private equity and infrastructure make up 40.6% of EZVK’s €13bn assets
‘We don’t want that in the future contributions are paid for the Generationenkapital. We would ask to explicitly include this in the law,’ Markus Kurth says
Plan laid out after political compromise puts public pensions at risk, critics say
Spezialfonds collected only €1.3bn net in 2023 from pension schemes, down €35bn year-on-year, Kommalpha says
Grundrente has failed so far to firmly reduce old-age poverty risks
With the upcoming reform, the German government intends to keep the level of pension at 48% of the average wage
Unions have a new role in determining the shape of occupational pensions but are mindful of their duty to protect workers
German companies are reworking HR policies in a changing labour market as they hunt for skilled workers and seek to retain experienced employees
A recent rightwards pivot has softened Germany’s ambition on ESG both at home and in Brussels