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.

Pension Funds in Germany - Country Report

Pensions in Germany

Germany Country Report 2024: Unions take a more active role in pensions

Unions have a new role in determining the shape of occupational pensions but are mindful of their duty to protect workers  

TOP GERMAN PENSION FUNDS 2023

Pension fund/entity | Assets (€’000)

  1. Bayersiche Versorgungskamer (BVK) | 106,800,000
  2. BVV | 33,586,973
  3. VBL | 30,210,900
  4. Siemens AG | 26,524,000
  5. Daimler AG | 20,526,000

©IPE Research;  See IPE’s Top 1000 Pension Funds for the full ranking

 

Key fund data for Germany

Germany key pension data

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

TOP MANAGERS: GERMAN INSTITUTIONAL ASSETS

Company | Assets (€m) 

  1. MEAG | 261,068
  2. Union Investement  | 211,291**
  3. Allianz Global Investors | 163,831***
  4. DWS | 162,690***
  5. DekaBank | 146,760*
  6. Generali Asset Management | 103,665***
  7. BayernInvest 91,462***
  8. LBBW Asset Management | 71,518**
  9. AXA Investment Managers | 65,951
  10. Amundi | 59,951

As at 30.9.23, *29.10.23, **30.11.23, ***31.12.23

©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report

 

IPE European Pension Fund Awards

 

IPE BEST PENSION FUND IN GERMANY AWARD WINNERS

  • 2023 - Bosch Pensionsfonds
  • 2022 - Bosch Pensionsfonds
  • 2021 - Bosch Pensionsfonds
  • 2020 - Bosch Pensionsfonds
  • 2019 - Ärzteversorgung Westfalen-Lippe | Telekom Pension Fund

Find out more about the IPE awards and how to be involved