mast image

Special Report

Impact investing


IG Metall to start talks on sector fund in autumn

GERMANY – Talks about a pension scheme for the 2.8m member German metal workers’ sector could already start this autumn, says Klaus Stieferman, managing director of the Heidelberg based ABA pensions association.

The problem is that the employee side is not currently interested in starting the talks because the regular collective bargaining in the industry is scheduled for next year. However, such talks often start in advance in order for both parties to map out the ground, says Stieferman.

“In the newspapers you read about this now and then but the situation is that what they really want is to make use of the upcoming law that allows the employee to ask for an occupational pension fund,” says Stieferman.
“At the moment, they are giving all these interviews and so on, kind of doing part of the pre-negotiating,” he adds.

Both the employer side and the workers’ union, IG Metall, are discussing within their organisations about the complicated pension fund issues, and once they have come to their conclusions the active bargaining starts, says Stieferman

The German government is looking at the introduction of contribution orientated benefit plans, a hybrid of version of defined contribution and defined benefit schemes.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2540

    Asset class: All/Large Cap Equities.
    Asset region: UK.
    Size: The fund will be added to our guided fund range.
    Closing date: 2019-05-27.

  • QN-2541

    Asset class: Small/Mid-Cap Equities.
    Asset region: Switzerland.
    Size: CHF 130m.
    Closing date: 2019-06-04.

  • QN-2542

    Asset class: All/Large Cap Equities.
    Asset region: Switzerland.
    Size: CHF 130m.
    Closing date: 2019-06-04.

Begin Your Search Here