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State aid could provide relief for German airlines’ occupational pensions
Government to grant Lufthansa a €9bn aid package in exchange for a 20% stake in the company
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Lufthansa cabin crew deal to cut pension liabilities by 'high triple-digits'
Deal to cut Lufthansa’s pension scheme liabilities by “high triple digit million”
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Mandate roundup: Fondenergia, SEI, Lufthansa, Nuffield, Headlam
Fondenergia re-appoints Société Générale Securities Services for depository banking services.
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Germany: Politicians look to bolster pensions ahead of elections
Draft bills prepared by the government to change public, private and occupational pensions are bound for parliamentary debate
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Lufthansa sees pension fund liabilities soar 40% in three months
Airline reports doubling of liabilities since May 2014 after further cuts to discount rate
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Germany's Lufthansa to drop defined benefit pension fund
GERMANY – Airline cites rising cost of retirement provision for shift to DC scheme.
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UK roundup: Lufthansa, bmi, Tyne and Wear Pension Fund
bmi pension fund to enter Pension Protection Fund after Lufthansa agrees to pay £84m.
- Asset Manager News
KGAL sums up 2022 – a year of surging interest rates and exceptional performance
KGAL, a leading independent investment and asset manager, sums up its performance in 2022 and despite inflation, interest rate turnaround, energy crisis – KGAL passed the tests of 2022 with flying colours. New business volume reached almost €1.9 billion across all asset classes.
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KGAL successfully closes a challenging 2023
Despite market turbulence, KGAL exceeded its earnings target in the past financial year. Highlights from 2023 include the renewable energy flagship funds KGAL ESPF 4 and ESPF 5, which continue to outperform expectations, as well as important transactions in the residential sector and new investors in the aviation segment. KGAL is well-positioned to benefit from the anticipated market recovery.
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KGAL more than doubles new business to 3.4 billion euros in 2021
Grünwald, 22.02.2022 – In the challenging market environment of 2021, KGAL Group succeeded in setting a record with its transactions across its asset classes Real Estate, Sustainable Infrastructure and Aviation.
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Swiss pensions safe in Lufthansa move
GERMANY – Deutsche Lufthansa’s €310m takeover of Swiss International Air Lines is not likely to alter the Swiss company’s pension arrangements.
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KGAL continues its successful growth
Climate strategy successfully implemented – climate neutral since the beginning of the year.
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Germany: Fighting for innovation
The three-party coalition faces important decisions in coming months to reconcile differences over its planned reforms to all three pillars of the pension system
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Is sustainable finance working?
Sustainability is now a top consideration for investors, but there is little evidence it is leading to a more sustainable economy
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Lufthansa taps State Street for E4bn in custody
GERMANY- Airline group Lufthansa says it has awarded State Street Corp. a custody and accounting services brief worth around 4.3 billion euros, meaning State Street retains the former Deutsche GSS client.
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German DAX firms see rise in pension liabilities, says Aon
The discount rate for DAX 30 companies fell further last year to 0.77% from 1.10% in 2019
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German DAX pension liabilities set to increase
The value of pension liabilities of the 30 largest firms in terms of market cap listed on the DAX rose by €20bn, or 5%, in 2020 to €410bn
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Jet zero – how investors can get on board for the long haul of aviation decarbonisation
This viewpoint explores the sector’s possible flightpaths to net zero, outlines how the sector is currently tracking, and how Columbia Threadneedle Investments is working to drive the transition.
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KGAL Aviation reaches a record high in 2017
The KGAL Group’s aviation asset class set a record in the 2017 financial year, achieving a new business volume of c. €1.3 billion.
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KGAL Aviation ascends again
KGAL wins at the 2017 GTF Awards and the 2018 Scope Alternative Investment Awards