Occupational pensions

The financing problems associated with state pensions are increasingly becoming the focus of public debate. The majority of market observers believe that private pension arrangements are essential now and in the future, not just to ensure that people can enjoy a comfortable retirement but safeguard their financial survival.

The trend in legislation in recent years has been consistently away from state pay-as-you-go pensions towards a funded provisioning system. With the German Retirement Savings Act of January 2002, and in particular the German Retirement Income Act, which came into effect on 1 January 2005, the government is putting the focus for provisioning firmly on occupational pensions.

More and more employers are open to this idea. A large number of companies choose to set up an occupational pension scheme and not just for reasons of social responsibility towards their own employees or because of a legal obligation. Regardless of the situation in the labour market, the challenge facing companies today in terms of recruiting and retaining qualified personnel is greater than ever.

Securing this long-term potential and maintaining competitiveness can be flanked by benefits relating to occupational pensions and help motivate your employees and increase their loyalty to the company. In addition, the introduction of a company pension scheme can often bring unexpected savings in terms of social security contributions.

Whether you are launching a completely new provisioning system in your company or future-proofing existing pension commitments, it is vital to choose a partner with the right experience and expertise in all of these specialist areas. As an Allianz Group company, Dresdner Bank offers extensive experience in the field of corporate finance as well as across the whole spectrum of occupational pensions. We provide all-round advisory solutions from under one roof, covering every stage from the initial enquiry through to any potential financing issues – proven strengths you can rely on.