German PPF moves towards full funding

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GERMANY - The €864m (£679m) German pension protection fund, Pensions-Sicherungs-Verein VVaG, is now 37% funded after receiving €706m, according to MandateWire.

The fund, which takes on the liabilities of corporate pension schemes in Germany and Luxembourg in the event of their insolvency, said it would continue to boost funds for another 14 years via paym...

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