Country Reports

Germany: First pillar pension reforms in need of political and financial capital

By March 2023 (Magazine)

RominaSmithNuveen

Berlin’s new ‘Generationenkapital’ concept is intended to revamp the ailing first pillar but political consensus is lacking and more capital will be necessary to endow the planned state fund

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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.

Markus Schaen , Senior Fund Manager, MN,
The Netherlands
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