mast image

Special Report

Impact investing

Sections

Germany: ABA chief sees regulatory “jungle”

GERMANY – The head of the German pension industry body ABA says the industry is facing a “jungle of regulation” and has called for a longer-term planning horizon.

Klaus Stiefermann, the general manager of the Arbeitsgemeinschaft fuer betriebliche Altersversorgung, said the industry is facing a "jungle of regulations". And he called for better information from politicians.

"Once again we appeal to politicians for transparency, reliable general frameworks and consequently a long-term planning horizon in the field of employees’ retirement income security," Stiefermann said in a statement ahead of the ABA’s 250-delegate autumn conference taking place this week in Munich.

The ABA says that around 80% of German companies offer retirement arrangements. It has conducted a poll which found that companies want to hire and retain their employees by using retirement arrangements. But the lack of information prevents the better acceptance and spread of retirement arrangements.

The findings tie in with the main theme of the most recent ABA conference in May. “Employers complain that the legal framework is too complicated, that there are five different types of pension promise that they can establish,” said ABA chief Boy-Juergen Andresen at the time. “We are trying to encourage a positive attitude and increase the number of companies that offer a pension scheme.”

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-2558

    Asset class: Private Equity.
    Asset region: Global or Swiss.
    Size: USD $5-10m.
    Closing date: 2019-08-20.

  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

  • QN-2560

    Asset class: Private Equity.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

  • QN-2561

    Asset class: Infrastructure.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

Begin Your Search Here
<