The collapse of the Adkura support fund shows how vulnerable occupational pensions remain today. There are large gaps in the safety net, which ultimately have to be covered by employers – who, in case of doubt, take the blame for the sales force. Once upon a time there was a U-Kasse in Ratingen, today you […]
Date: 27 April 2007 at 8:48 am Category: Other interesting contributions Author: Albrecht Müller A recent ruling by the Munich Regional Labour Court confirms that the offsetting of acquisition costs in the first few years – in particular by means of “Zillmerung” – is impermissible in occupational pension schemes with deferred compensation. (Zillmerisation means that […]
Discussion with lawyer Dr. Johannes Fiala There is a peculiar dilemma in Western countries at the moment: On the one hand, we do not let people die by taking life-prolonging measures through machines or feeding tubes. This prevents the soul from leaving the body. In doing so, we are not prolonging life, we are prolonging […]
“The right has the curious property that you can keep it without having it.” (Joseph Unger) Particularly in the case of deferred compensation, it is advisable to choose a reinsured provident fund (U-fund) as the carrier in the company pension scheme (bAV). However, experts agree that this involves additional acquisition and administrative costs that are […]
*by Johannes Fiala (Munich), attorney (www.fiala.de), and Peter A. Schramm (Diethardt), actuarial expert (www.pkv-gutachter.de) No company pension scheme This is not a way of implementing a company pension scheme. Rather, it is a matter of a “gross saving” by the employee, whereby an “incident” can occur at any time, which then triggers a payment as […]
by Johannes Fiala, lawyer Once upon a time, that’s how most fairy tales begin. A long time ago, in 1984, the then CDU Federal Minister of Labour and Social Affairs, Dr. Norbert Blüm, announced that “our pensions are secure”. The pension funds are empty. The retirement age is currently set at 67 years of age. […]
The company pension scheme, curse, blessing or bonanza ? dmz – Deutsche Molkerei Zeitung (Issue 11 / June 2006, p.40-42) by Johannes Fiala, lawyer Once upon a time, that’s how most fairy tales begin. A long time ago, in 1984, the then CDU Federal Minister of Labour and Social Affairs, Dr. Norbert Blüm, announced that […]
DSWR (Issue 4, 2006, pp. 98-100) *by Johannes Fiala, lawyer (Munich), M.B.A. (Univ.Wales), M.M. (Univ.), certified financial and investment advisor (A.F.A.), EC expert (C.I.F.E.), banker (www.fiala.de) On the risks for finance , tax advisors and employers Time value accounts and the models of partial retirement are increasingly advertised by financial sales. The financial intermediaries are […]
Petition proves: Pension commitment is not insolvency-proof but seizable: Where the ?hare in the pepper? lies shows the report of the Petitionsausschuss of the German Bundestag. In the printed matter 15/5570 of 01.06.2005 it is called ?a Petent turns against the unrestricted seizability ? He stated that in the course of insolvency proceedings in 2002 […]
*by Johannes Fiala, Lawyer (Munich), MBA Financial Services (Univ.Wales), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), EC Expert (C.I.F.E.), Lecturer (Univ. of Cooperative Education), Banker (www.fiala.de) Lawyers who work in sales do not get a licence: The Federal Court of Justice has (judgement of 15.05.2006, Az. Anw(Z) 41/05) currently confirms that lawyers are not […]
