The Riester pension as a state-subsidised form of private old-age provision is an attempt to compensate for the declining level of pensions in the future. This usually does not affect self-employed persons, but rather assisting spouses and employees as compulsorily insured employees. With “Wohn-Riester”, the funds saved can be used to purchase residential property. However, […]
RA Johannes Fiala With interest rates down, many property owners and business owners want to reschedule to get cheaper financing: Debt restructuring at no cost and no compensation, plus money back from the bank. This is also the dream of many an investor whose capital investments have for years failed to yield what was promised […]
Scrap real estate judgements of the EuGH (C-299 and C-350) of 25.10.2005* The credit institutes give themselves calmly, while investor lawyers speak euphorically of a ?break-through? The reality looks more modest. The information problem: If an investor compares the comparatively meager interest of safe money plants with the enticing net yields, over investment consultants offered […]
How expensive will the dream of home ownership For many people, the dream of owning their own home is a lifelong goal and an integral part of private wealth accumulation. Hardly any other investment symbolizes security, stability and the realization of personal dreams as much as a home of one’s own. Often, the path to […]
Diversification: How to safeguard assets in the long term For those who handle their assets responsibly, risk diversification is a must. Not only since the financial crisis of 2008, the real estate crisis or the last oil crisis, we are aware that our assets and savings in the savings account are not necessarily safe. World […]
Inflation and its prospects Things look bleak, and not just at the supermarket checkout and gas station. With a current inflation rate of over 7.3%, we can practically watch our hard-saved wealth shrink. What was a small luxury yesterday can be prohibitively expensive today. After more than two years of a pandemic, a European conflict […]
– How to immediately terminate long-term occupational and personal pension contracts -. It is not only in private banks that it is common for employees to have to earn up to more than three times their gross salary. For bank customers, this means that up to more than 1% of their assets can go […]
– Why the days of effortless money-making via life insurance are long gone – Agents’ commissions fall The Life Insurance Reform Act (LVRG) not only lowers the guaranteed interest rate for life insurance policies from 1.75% to only 1.25% from 2015, but also the permitted inclusion of acquisition costs through zillmerisation from 4% to […]
Faulty design in Rürup and occupational disability pensions end with welfare application Two new decisions of the Federal Court of Justice (BGH) of 03.12.2009 (ref. IX ZR 189/08) and of 15.07.2010 (ref. IX ZR 132/09) show that occupational disability pensions may also be attachable. The reason for this is mostly to be found in a […]
Publications – Technical papers Fiala/Schramm, Insolvency risk of British life insurers when relocating to Ireland, ExpertenReport, issue 7/2019, pages 60-62 Fiala/Schramm, When are insurers no longer obliged to pay benefits or can reduce benefits?Expert Report, issue 3/2019, pages 56-58 Fiala/Schramm, No insurance coverage in case of refusal to pay protection money, ExpertenReport, issue 11/2018. Pages […]
