mast image

Special Report

Impact investing


Germany’s Landkreis Schaumburg in pension tender

GERMANY - The German district of Landkreis Schaumburg is seeking group pension and life reinsurance services for a new retirement home workers' relief fund.

Currently the workers are covered by the German public supplementary insurer VBL's occupational relief fund.

However, the retirement homes in the region will be transferred into a GmbH, a German legal form, and hence a new, private pension back-up fund is required.

A spokesman for Schaumburg said that the size of the mandate was not known yet, as this still needs to be calculated.

The spokesman expects larger German insurance firms to apply and tenders need to be drawn up in German.

About five or six tenders will be invited; tenderers can send in their request to participate until December 13.

The mandate will go to the most economically advantageous tender.

Schaumburg expects to make an appointment in the beginning of January next year.

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-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

Begin Your Search Here