GERMANY - German lifetime working account (lebensarbeitszeitkonto) schemes will strongly accelerate the pace of the transition from defined benefit (DB) to defined contribution (DC) schemes, much advocated by German companies in a country largely dominated by DB schemes, asset managers have claimed.
In the coming month, JPMorgan Asset Management in Frankfurt will release its findings from a study on the transition to DC. Speaking to Global Pensions, Peter Schwicht, managing director, JPMorg...
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