Germany: Pensions and Investment News and Analysis
Latest news and analysis of pensions, asset management, regulation and trends in Germany from our award-winning journalists.
Corporate pension fund tenders large-cap mandates worth close to €400m
The pension scheme is looking to invest in Europe, US, UK and emerging markets large-cap equity
Zurich offloads German legacy life insurance back book to Viridium
$20bn of net reserves mainly relate to annuity and endowment products underwritten more than five years ago
BaFin to tackle greenwashing but guidelines on hold
Guidelines are on hold as the current environment is not sufficiently stable for long-lasting regulations, BaFin says
Country Report - Pensions in Germany & Austria
It took just over 100 days in office before Germany’s new coalition government announced a €500bn budget to first pillar pension financing, setting in motion an agreed reform process that would create a partially funded state pension system.
German sustainable finance committee to renew efforts to transform financial system
Silke Stremlau has been nominated to chair the Beirat
German government plans to channel pension assets for VC investments
Also considering setting up a facility to finance young innovative companies that previously had no access to venture capital funds
DWS CEO hands in resignation after greenwashing raid at offices
Woerhmann said allegations against DWS and him had become a burden
Outlook: Can investors act alone on energy policy?
It may be up to governments to set the rules of engagement to achieve net zero
DWS offices raided on suspicion of greenwashing
Public prosecutor found ‘sufficient factual indications’ practice did not match info in sales prospectuses
German doctors scheme pushes through with illiquid assets switch
Targetted illiquid investments include real estate, infrastructure, private equity and private debt
German BVV boosts private debt to finance renewables infra, real estate
The scheme has already reached target allocation for illiquid assets, but will conduct further allocations in the future ‘selectively’
Social partners plan to expand DC model for chemical industry to further sectors
BAVC and trade union IGBCE expect to start the new pension model from 1 October 2022
German investors strive for viable connection with private equity managers
BVK will prioritise private equity among its alternatives portfolio for the next 12 months
German Spezialfonds provide investor protection during war in Ukraine
In March Spezialfonds – which are limited exclusively to institutional investors – generated €6.4bn
BVK to continue indirect real estate, stake investments
The fund’s strategic asset allocation for 2022 will see an increase to 28.8% in real estate (24.4% in real estate funds and REITs and 4.5% in direct investments)
DACH roundup: BaFin monitors Pensionskassen hit by low interest rates
Plus: Allianz’s quick settlement over hedge fund losses; Swiss Pensionskassen on track to funding ratio target; Young bet on equities and investment funds for pensions
KENFO considers adjustment to private markets portfolio
‘Private markets have some catching up to do for transparency and reporting’, says head of investment
Allianz toughens investment policy on oil and gas
From 2025 Allianz will only insure and invest in oil and gas companies committing to net-zero greenhouse gas emissions by 2050
Germany roundup: Actuaries ponder on war in risk management models
Plus: Caritas, Kölner Pensionskassen digitise business
Analysis: German schemes' investment path to renewables
The German government has proposed that by 2030 at least 80% of the gross domestic electricity consumption should come from renewable sources
Former MetallRente CEO sets up Heribert Karch Consult
Karch has been working on finalising his contribution to the 5th annual study on financial behaviour of young people published by MetallRente
German trade union, associations agree on first industry-wide DC pension model
Until the end of June BAVC and IGBCE will work out rules for a collective bargaining agreement to start a pure DC scheme
Germany’s BVV names Christian Chrobok as new CIO
Chrobok succeeds Frank Egermann, who in turn has replaced Rainer Jakubowski
BVK to transfer €75bn to new Universal Investment management company
The new asset management company, called UI BVK KVG, will pool in total €150bn through funds of funds
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