Germany: Employers to assume more responsibility for corporate pension provision

¿Employers in Germany will, in future, have to take more responsibility when it comes to corporate pensions", said Christof W Göldi, chairman of the board of Delta Lloyd Deutschland AG, speaking at a podium discussion as part of yesterday's Deutscher Arbeitgebertag (German Employer Day) in Berlin.

"Employers in Germany will, in future, have to take more responsibility when it comes to corporate pensions and do more than at present to discharge their duty of care to their employees," said Christof W Göldi, Chairman of the Board of the Wiesbaden-based financial service provider Delta Lloyd, speaking at a podium discussion as part of yesterday's Deutscher Arbeitgebertag (German Employer Day) in Berlin. The central theme of the discussion was demographic change in Germany and the future of pension provision.

Given people's increased life expectancy and the growing number of retired people in Germany, the system of pensions funded by social security contributions can no longer cope, Göldi explained. It is therefore all the more important for the citizens to top up their private pension provisions and, above all, their corporate pensions. But up to now, corporate pension provision in Germany has tended to be sidelined. One of the main reasons for this for workers in small and medium-sized enterprises is a lack of engagement on the part of their employers. They simply do not provide their staff with regular, comprehensive information on the corporate pension schemes available within the company. This, he continued, holds a great many advantages for the employers as well, particularly as regards recruiting new staff or increasing loyalty and motivation among existing employees. "Corporate pensions are a major part of the solution, when it comes to getting the pension provisions for people in Germany onto a more solid footing," concluded Göldi.

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Further information about:
Martina Fassbender
Telephone: 0611 773 25 71
Fax: 0611 773 14 25 71
E-mail: martina.fassbender@deltalloyd.de
Internet: www.deltalloyd.de  

Notes to editors:

About Delta Lloyd
Delta Lloyd Deutschland is a 100%-owned subsidiary of the Delta Lloyd Groep, Amsterdam, and therefore part of the British Aviva Group. The company provides a wide range of financial, investment and provident products from a single source, as well as providing expert consultancy on all financial issues. In addition to Delta Lloyd Leben and Hamburger Leben, a pension fund and a consultancy for occupational pension schemes respectively, the Delta Lloyd Group in Germany also comprises its own private banking company and a mortgage broker.