German finance ministry to lower guarantee rates below actuaries’ projections

German finance ministry to lower guarantee rates below actuaries’ projections

germany-brandenburg-gate

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 copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: