mast image

Special Report

Impact investing

Sections

AWD sees boom in German corporate pensions

GERMANY – Financial services firm AWD says it is seeing a “boom” in company pensions as well as higher demand for new pension products.

The independent financial advisor said it has gained 1,300 new corporate clients, taking the total to 3,400. It said this – coupled with the hiring of an extra 130 corporate pension specialists – was “evidence of the boom in this business”.

It also saw higher demand for the new pension products that have resulted from German pension reform.

"As a result of the changes brought about by the German Retirement Income Law, demand is increasing for the new Rürup pensions, and especially for the so-called Riester contracts and fund-savings plans," said chief executive Carsten Maschmeyer.

The comments follow indications last week from insurer AMB Generali that the Riester market – which was initially slow to take off - was starting to gain momentum.

AWD’s revenues rose 2.1% to €156.8m in the first quarter. New business came in at around €3.1bn. Earnings before interest and taxes were up 21.1% at €19.5m.

It said: “Throughout the group, the advisory focus was on long-term investment and retirement products.” Investment product revenue rose 57%.

"Our company’s strong focus on boosting profitability and the high free cash flows that we generate open up scope for ongoing high dividend distributions," said chief financial officer Ralf Brammer.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

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

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<