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Article: News: BVI seeks to put pension concept on the political agenda in German election.
- Article from:
- epn: European Pensions & Investment News
- Article date:
- June 6, 2005
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The German fund managers association BVI hopes to capitalise on the country's early elections by proposing that the Christian Democrat and Liberal parties adopt its simplified Riester pension concept.
Under the association's 2003 proposals, the third-pillar Riester pension would be adapted to become available within the second pillar.
"Our proposal is basically an enhancement," said Marcus Mecklenburg, head of policy and associations. "We want to extend the existing third pillar scheme as a true defined contribution system into the second pillar."
Questioned about its efficacy, Dr Mecklenburg replied: "It would be cost efficient, easy to ...