Funding crisis will create opportunities

The pan-European pensions crisis will provide opportunities for fund managers when countries move to a more individualised system, according to Deutsche Asset Management. Research by Deutsche, one of Europe's largest pension fund managers, reveals 7% annual growth is anticipated for the investment-based pensions market, as EU member states take steps to shore up their occupational and private provisions. Opportunities are particularly abundant in states more reliant on the pay-as-you-go (PAYG) system, such as France and Germany, according to Rudolf Symmank, managing director of the DWS ...