{"id":359352,"date":"2025-08-20T11:59:11","date_gmt":"2025-08-20T11:59:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/359352\/"},"modified":"2025-08-20T11:59:11","modified_gmt":"2025-08-20T11:59:11","slug":"ipe-dach-briefing-dc-plans-gain-momentum-in-germany-analysis","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/359352\/","title":{"rendered":"IPE DACH Briefing: DC plans gain momentum in Germany | Analysis"},"content":{"rendered":"

Social partner models, underpinned by collective bargaining agreements between employer and employee representatives to offer defined contribution (DC) plans, are gaining momentum in Germany.<\/p>\n

Gewerkschaft Erziehung und Wissenschaft (GEW), an education trade union, in May\u00a0decided<\/a>\u00a0to join existing social partner models to DC pension plans to employees in private schools and universities.\u00a0Three more banks will follow in the footsteps of Deutsche Bank to use the BVV Pensionsfonds, the vehicle to offer DC schemes in the financial industry, from October.\u00a0<\/p>\n

BVV is also\u00a0aiming to open its the social partner model to employers outside financial services<\/a>.<\/p>\n

While social partners try to fulfil their promise to improve occupational pension provisions, a\u00a0draft law<\/a>\u00a0was put forward by the government to introduce auto-enrolment in companies without resorting to collective bargaining agreements, and relax rigid rules on occupational pensions and investments through pension funds.<\/p>\n

\"school<\/p>\n

Meanwhile, corporate pension funds are\u00a0reinforcing allocations<\/a>\u00a0to fixed income to meet long-term return targets and mitigate downside risks in their investment portfolios.\u00a0Lufthansa has\u00a0amassed<\/a>\u00a0\u20ac9bn of pension assets on its balance sheets in fixed income as it moved to kick off a Liability-Driven Investment (LDI) strategy for defined benefit plans.\u00a0<\/p>\n

In Switzerland, pension funds\u00a0fended off market volatility<\/a>\u00a0in the first half of the year through direct and indirect investments in Swiss real estate, and allocations to bonds denominated in Swiss francs.<\/p>\n

Luigi Serenelli<\/p>\n

IPE DACH Correspondent<\/p>\n

This news briefing was published earlier in the week. If you would like to receive it regularly, on your \u2018IPE profile\u2019, go to \u2018My Newsletters<\/a>\u2018 and select any from the list.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Social partner models, underpinned by collective bargaining agreements between employer and employee representatives to offer defined contribution (DC)…\n","protected":false},"author":2,"featured_media":359353,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5310],"tags":[2000,299,1824],"class_list":{"0":"post-359352","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-eu","9":"tag-europe","10":"tag-germany"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115060982759740662","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/359352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=359352"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/359352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/359353"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=359352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=359352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=359352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}