In Germany, the German Retirement Assets Act (AVmG) also allows capital management companies to offer the conclusion of pension contracts. For this purpose, Section 1, Paragraph 6 of the KAGG was amended and some regulatory provisions were incorporated. A separate Retirement Provision Contracts Certification Act (AltZertG) was enacted in 2001; the certification body for providers is the German Federal Financial Supervisory Authority (BaFin). – See Ablauffonds, Altersvermögensgesetz, Altersquotient, balance sheet, holistic, nominal value guarantee, pension fund, Pensionsfonds-Richtlinie, Rabbi Trust, pension, funded, tontine, certification. – Cf. Deutsche Bundesbank Monthly Report of March 2001, pp. 45 ff. (on occupational pensions) and of July 2002, pp. 25 ff. (also on the long-term effects of the new legislation on the capital market), BaFin Annual Report 2003, pp. 78 f. (certifications; with table), BaFin Annual Report 2004, pp. 90 f. (certification under the Retirement Provision Contracts Certification Act [AltZertG]), BaFin Annual Report 2005, p. 47 (risk-based supervision), p. 197 (lapse deductions for early termination), p. 199 (allegations of incorrect advice), BaFin’s 2011 Annual Report, p, 93 ff. (fundamental and current supervisory issues; IOPS standards), and the respective BaFin Annual Report, Financial Stability Report 2013, p. 19 (demographic trends pose risks for retirement provision institutions).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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