Dr. Johannes Fiala, lawyer (Munich), MBA Financial Services (Univ.), lecturer (BA-Heidenheim, Univ. of Cooperative Education) (www.fiala.de) and graduate mathematician Peter A. Schramm, actuary DAV (Diethardt), actuarial expert (www.pkv-gutachter.de) There are things that seem unbelievable to most people who have not studied mathematics. (Archimedes, mathematician, engineer, technical advisor to the tyrants of Syracuse) The new law, […]
Artikel zum Thema: Riester
New garnishment protection for self-employed persons in old-age provision
Economic consequences and possibilities of the new regulation The new law, which was discussed by the German Bundestag in its first reading on May 11, 2006, and which is intended in particular to secure private old-age provision for the self-employed, came into force on March 31, 2007. For self-employed entrepreneurs, the question arises as to […]
Occupational pension scheme (bAV) : Scope of the new attachment protection for self-employed pensioners ?
*by Dr. Johannes Fiala, Attorney at Law (Munich), MBA Financial Services (Univ.), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), Lecturer for Civil and Insurance Law (BA Heidenheim, Univ. of Cooperative Education), (www.fiala.de) and Dipl.-.Math. Peter A. Schramm, expert for actuarial mathematics (Diethardt), actuary DAV, publicly appointed and sworn by the IHK Frankfurt am Main […]
Zillmer’s thunder
In a recent ruling, the Munich Regional Labor Court prohibited the zillmerization of contracts for deferred compensation. Now a dangerous incendiary is smoldering. In mid-March, the Munich Regional Labour Court ruled that the offsetting of acquisition costs in the first few years of deferred compensation in occupational pension schemes (bAV) is not permissible. This not […]
One to zero against zillmerization
By Nicholas Bora Published on: 25 June 2007 The Munich ruling is causing a stir: consumer protectionists are calling it a “breakthrough”, employers want legal certainty and, above all, no liability, insurers are cautious in their comments – and the aba wants to prevent occupational pension schemes from falling into disrepute. One thing is certain: […]
When taking out a Riester pension, bear in mind
A Riester allowance is only granted to those who are compulsory members of the statutory pension insurance scheme. RA J. Fiala expressly points this out. However, this is not the case for over 1 million assisting spouses. Experts estimate that 5% of all employment relationships are “worthy of review”. Numerous German citizens pay compulsory contributions […]
Family (in)security: Be careful with the Riester pension! Reclaim of the allowance threatens
pays contributions to the statutory pension insurance scheme and yet is not a compulsory member Attorney at Law Dr. Johannes Fiala Last year more than 2,000,000 Riester contracts were sold. Due to the changeover to “unisex tariffs” (equal premiums and equal benefits for men and women), male customers had to sell out at the end […]
Entrepreneur-affiliates are threatened with the reclaim of the allowance
Only those who are compulsory members of the statutory pension insurance scheme are entitled to a Riester allowance. However, an estimated one million family members of small and medium-sized entrepreneurs who work with them mistakenly pay contributions to the statutory pension insurance scheme, even though they are not compulsory members. Experts estimate that five percent […]
Retirement provision benefits companies and employees
Rudolf Becker and Johannes Fiala More than ever, every German citizen is responsible for his or her own retirement provision. The benefits provided by the statutory pension are no longer nearly sufficient to maintain the accustomed standard of living in retirement. Even the Retirement Assets Act (AVmG) passed on 11.05.2001 is only an inadequate way […]
The billion-dollar grave of the insurance industry and German entrepreneurs are liable to the bitter end – of their possible insolvency, how the common sales practice of the insurance and finance industry lures entrepreneurs and their businesses into the insolvency trap
The billion-dollar grave of the insurance industry and German entrepreneurs are liable to the bitter end – their possible insolvency. how the common sales practice of the insurance and finance industry lures entrepreneurs and their businesses into the insolvency trap and, if necessary, even turns them into criminals Who would have thought it? Politics […]