New pension rights adjustment . Around 200 000 people affected each year MUNICH – Divorced wives in particular can secure considerably higher pensions by applying to the family court for a modification of the old divorce decree on pension equalization. Divorced persons can expect substantial back payments and pension increases in the future from (current […]
The structural reform of the pension equalisation system While the intended changes to the law on maintenance as of 1.1.2008 were extensively reported even before the adoption of the law now in force, other family law reforms have gone relatively unnoticed. However, the structural changes that have taken place in recent decades do not only […]
Additional costs and liability risks for employers – principle of “internal division” distributes opportunities and risks between spouses Until now, pension entitlements have been calculated using “error-prone forecasts” and often with “value distortions via the present value ordinance”, made comparable with statutory pension insurance entitlements and then the difference in value of all entitlements acquired […]
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 […]
Additional claims in the multi-digit millions possible Guarantees with British usually not until the expiration British with-profits policies see lower guarantees than those provided by offered by German life insurers Endowment life insurance. These guarantees are also based on the scheduled expiry date and shall apply therefore usually not in the case of premature Termination […]
