The entrepreneurial obligation to introduce a company pension scheme (bAV) in accordance with the Company Pensions Act since 01.01.2001 The legal invalidity of the commitments and the potential risk of criminal liability of the management in the event of the use of zillmerized tariffs “Any cooperation is difficult as long as people are indifferent […]
– When a right to information does not exist, and no right to accounting – If a policyholder assumes that he/she is entitled to a higher valuation reserve on expiry of a capital-forming life insurance policy than that paid out by the insurer, he/she may have a claim for information against the insurer. The Federal […]
“Until the day they rationalize me away, Or simply sort me out as non-programmable, When the big computer comes and monitors everything, Makes my preferences and quirks fully understandable, Even if I am already completely machine-readable” (Reinhard Mey) The decision by politicians not to replace the current ban on commission payments with a new […]
How even sick people can switch insurers: Until 2008, it was discussed that the ageing provision could only be transferred when changing insurers if the transfer value was determined according to the individual health risk of the insured, i.e. if the sick person received more ageing provision than the healthy person. If the sick person […]
PKV offers no guarantee of better rates The PKV is raging against the possibility for the GKV to offer optional tariffs, which was introduced a few years ago by the law to strengthen competition. They are not demographic because of the lack of ageing provisions, the premiums increase with age to an unaffordable level, they […]
Life insurance as a bet on lower surpluses or insolvency. Even if the banks are rescued by the state, the life insurers may have to pay for it with their own insolvency. At the very least, however, there is a threat of a reduction in surpluses and thus a lower pension provision for privately insured […]
The Financial Market Stabilisation Act (FMSTG) eliminates the capital requirement. This is because the legislator has now restricted the obligation for all companies in Germany to file for insolvency. What this means for practice. The financial market crisis is a fundamental turning point for all companies. Many companies have already been driven into insolvency. Many […]
– Misrepresentation of risk and return by bankers, underwriters and training managers -. Back payment: Pensions from life insurance policies must be increased retroactively All it takes is a short letter of request to one’s own insurance company, and the pension is increased retroactively. The Federal Constitutional Court (1 BvR 80/95) has stipulated to […]
Guarantees with British people usually only at expiration British with-profits policies provide for lower guarantees than the endowment policies offered by German life insurers. These guarantees are also based on the scheduled expiry date and therefore do not usually apply in the event of early termination or partial termination (partial withdrawals). British life insurers invest […]
Additional claims in the multi-digit millions possible Dr. Johannes Fiala, Lawyer (Munich), Mediator (Univ.), MBA Financial Services (Univ. Wales), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), Lecturer for Civil Law and Insurance Law (Univ. of Cooperative Education), Bankkaufmann Dipl.-Math. Peter A. Schramm, actuary DAV, expert for actuarial mathematics, publicly appointed and sworn by the […]
