German finance ministry to lower guarantee rates below actuaries’ projections

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The German Ministry of Finance is to lower the maximum guaranteed interest rate for the new business domestic life industry from 2.25% to 1.75% despite a recommendation from the German Actuarial Society (GAS) that the appropriate rate is 2%.

A spokesman for the ministry said an – unannounced – political decision had been made by the ministry to decrease the rate further than GAS recommended because the future interest rate environment could force the rate to be lowered once again. Additionally

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]