GERMANY- Global money managers are bullish on Germany's pension prospects, estimating it will be a hundred billion dollar market in the next few years.
Industry experts at Morgan Stanley place early indicators of the German market at around $430bn by 2010, although valuations are more conservative than other reported figures which place market potential somewhere between $614bn and $880bn.
Last year the the German parliament gave the green light to landmark pension reforms, paving the way for reform of the country’s beleaguered social security system and the introduction new private arrangements, or Pensionfonds.
According to Gareth Derbyshire, executive director of Morgan Stanley’s European pensions group, there is plenty of scope in the German market, although the progress of reform is slow and is further hindered by sluggish performance in equity markets.
By Madhu Kalia
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.