Latest news and analysis of pensions, asset management, regulation and trends in Germany from our award-winning journalists.
The pension scheme is looking to invest in Europe, US, UK and emerging markets large-cap equity
$20bn of net reserves mainly relate to annuity and endowment products underwritten more than five years ago
Guidelines are on hold as the current environment is not sufficiently stable for long-lasting regulations, BaFin says
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.
Silke Stremlau has been nominated to chair the Beirat
Also considering setting up a facility to finance young innovative companies that previously had no access to venture capital funds
Woerhmann said allegations against DWS and him had become a burden
It may be up to governments to set the rules of engagement to achieve net zero
Public prosecutor found ‘sufficient factual indications’ practice did not match info in sales prospectuses
Targetted illiquid investments include real estate, infrastructure, private equity and private debt
The scheme has already reached target allocation for illiquid assets, but will conduct further allocations in the future ‘selectively’
BAVC and trade union IGBCE expect to start the new pension model from 1 October 2022
BVK will prioritise private equity among its alternatives portfolio for the next 12 months
In March Spezialfonds – which are limited exclusively to institutional investors – generated €6.4bn
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)
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
‘Private markets have some catching up to do for transparency and reporting’, says head of investment
From 2025 Allianz will only insure and invest in oil and gas companies committing to net-zero greenhouse gas emissions by 2050
Plus: Caritas, Kölner Pensionskassen digitise business
The German government has proposed that by 2030 at least 80% of the gross domestic electricity consumption should come from renewable sources
Karch has been working on finalising his contribution to the 5th annual study on financial behaviour of young people published by MetallRente
Until the end of June BAVC and IGBCE will work out rules for a collective bargaining agreement to start a pure DC scheme
Chrobok succeeds Frank Egermann, who in turn has replaced Rainer Jakubowski
The new asset management company, called UI BVK KVG, will pool in total €150bn through funds of funds