German Pensionskassen call for rule easing to improve outlook – WTW survey
German Pensionskassen are calling for more relaxed regulatory requirements with a view to a more optimistic outlook, taking into account the current challenging environment.
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According to a survey conducted by Willis Towers Watson (WTW), 62% of surveyed Pensionskassen support regulatory changes to improve future prospects.
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However, only 14% of the respondents consider Pensionskasse an “interesting way” to run company pension schemes, the survey found, while 22% consider Pensionskasseen no longer an attractive option in their current form.
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“The regulatory requirements have increased significantly over the past 15 years. At the same time, in the [current] low interest rate environment, safe investments prescribed for Pensionskassen can hardly lead to generate adequate returns,” said WTW’s head of retirement in Germany and Austria Heinke Conrads.
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