What We Offer

Financial & Pension Services

A comprehensive suite of financial services for institutional and private clients, grounded in decades of expertise in German and European pension law.

Occupational Pensions

Pensionsfonds — The Gold Standard in German bAV

The Pensionsfonds is one of Germany's five recognised vehicles for occupational pension provision (betriebliche Altersversorgung, bAV). As a regulated entity under BaFin supervision, Generali Pensionsfonds AG offers employers a flexible, capital-market-oriented instrument for financing pension commitments.

Assets held in the fund are legally segregated from the employer's estate, providing employees with the highest level of insolvency protection available in the German bAV landscape. Contributions may be employer-funded, employee-funded through deferred compensation, or structured as a combination of both.

Information about this vehicle is provided for general awareness only. Suitability depends on individual circumstances and professional advice should be sought separately.

Pension fund financial analysis and planning

Service Portfolio

Our Core Service Areas

We provide information and support across five interconnected disciplines within pension and financial management.

Occupational Pension Management

Full lifecycle management of employer-sponsored pension schemes, including actuarial valuations, benefit administration, and regulatory reporting under BetrAVG and Versicherungsaufsichtsgesetz (VAG).

Asset Allocation & Management

Strategic and tactical asset allocation across global equity, fixed income, real estate, infrastructure, and alternative investment strategies — all managed within a liability-driven investment framework.

Life & Risk Insurance Integration

Coordination of occupational disability cover, life insurance, and group risk benefits as integral components of a comprehensive bAV strategy, aligned with German insurance law.

Regulatory Advisory & Compliance

Expert guidance on BaFin regulatory requirements, EU Solvency II capital standards, IORP II Directive implementation, and annual actuarial certification processes.

Deferred Compensation Structures

Design and administration of Entgeltumwandlung (deferred compensation) frameworks, allowing employees to redirect gross salary into pension contributions with tax and social security advantages.

Reporting & Beneficiary Communication

Annual benefit statements, digital member portals, and regulatory disclosures — all produced to BaFin standards and designed for clear communication with plan participants.

Investment Philosophy

How We Approach Asset Management

Our investment process is designed to balance long-term liability matching with capital preservation and real asset growth.

Investment portfolio charts and financial analysis

Liability-Driven Investment (LDI)

Our portfolios are constructed around the specific liability profile of each pension fund — matching duration, inflation sensitivity, and cash flow timing to future benefit obligations. This approach minimises funding ratio volatility and provides predictability for both employers and beneficiaries.

Liability Modelling

Actuarial cashflow projections mapped to current and projected membership demographics.

Strategic Asset Allocation

Asset class selection calibrated to liability characteristics, risk tolerance, and return targets.

ESG Integration

Environmental, social, and governance screening applied at fund selection and direct investment levels.

Risk Monitoring

Continuous monitoring of market risk, counterparty risk, liquidity, and regulatory solvency ratios.

Common Questions

Frequently Asked Questions

General information about pension funds and our services. This does not constitute advice.

What is a Pensionsfonds and how does it differ from other bAV vehicles?

A Pensionsfonds is one of five permitted vehicles for German occupational pension provision. Unlike a Pensionskasse, it may invest more freely in equities and alternative assets, offering higher return potential but with more market exposure. Unlike direct insurance (Direktversicherung), assets are held in a legally separate trust structure — providing insolvency protection for beneficiaries.

Who regulates Generali Pensionsfonds AG?

We are regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Germany's Federal Financial Supervisory Authority. We comply with the Versicherungsaufsichtsgesetz (VAG), the IORP II Directive, and all applicable EU Solvency requirements.

What asset classes are typically used in a pension fund portfolio?

German pension funds typically hold a diversified mix of government and corporate bonds, equity funds, real estate, infrastructure debt, and alternative investments. The specific allocation depends on the fund's liability profile, risk tolerance, and regulatory capital requirements under Solvency II.

How is ESG integrated into investment management?

ESG (Environmental, Social, Governance) integration is applied at both the fund selection level and in direct investment decisions. We screen for companies with strong environmental practices, good governance structures, and positive social impact metrics. We also engage with asset managers on voting and stewardship policies.

What reporting do employers and beneficiaries receive?

Employers receive quarterly investment performance reports, annual actuarial valuations, and regulatory solvency disclosures. Individual plan members receive annual benefit statements detailing their accrued and projected pension entitlements, in accordance with BaFin disclosure requirements.

Request Informational Materials

Our team can provide factual information about our pension fund services and general occupational pension frameworks. All information is provided for educational purposes only.

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