GERMANY - Leica Microsystems, a German manufacturer of microscopes and optical systems, has outsourced the management of its company pension scheme to Invesco Retirement.
The employer-financed contributions are to be invested in a life cycle fund concept that was developed by Invesco in the US which looks at the various investment needs of employees in the different life phases.
“Within a defined range, our capital market experts manage the equity allocation dynamically in order to achieve a risk-controlled accumulation of capital,” said Christof Quiring, head of pension management at Invesco Retirement.
The 1,300 employees of Leica Microsystems in Germany now have the opportunity to make their own voluntary contributions into the fund.
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