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      There will be a shortage of six million skilled workers in Germany by 2025. Companies face the challenge of being attractive to applicants and employees through customised remuneration models and working conditions in the competition for employees.

      At the same time, pension provision is a social issue that has reached everyone and has also become the focus of politics ("fear of poverty in old age"). Attractive and innovative pension schemes help to increase employer attractiveness and make a valuable contribution to preventing poverty in old age.

      To future-proof the financing of pension obligations

      On the other hand, the ongoing phase of low interest rates poses new challenges for company pension schemes. Pension provisions will continue to rise or remain at a high level in the coming years. In addition, external pension providers are faced with the challenge of fulfilling the guarantee promises of the past despite lower returns.

      Against this backdrop, it is important to future-proof the financing of pension obligations. In corporate transactions, it is therefore essential to develop suitable strategies with regard to pension obligations and to attach adequate importance to these as part of the due diligence process.

      Ready to talk? Contact us

      Our range of services

      We see ourselves as strategic advisors to management and the HR and Finance departments. We work with you to develop customised solutions for company pension schemes that fit in well with your personnel and remuneration policy and at the same time take your financial and accounting requirements into account.

      We also support you in developing and implementing suitable processes so that you can effectively manage the risks and costs of your pension schemes. In this way, we optimise the contribution of company pension schemes to your company's value creation and target achievement.

      Our advice is always independent and neutral. We do not receive any commission from third parties and do not offer our own pension schemes such as pension funds or trust models. This enables us to provide you with objective and cost-transparent advice that focuses exclusively on your business objectives and is free from any conflicts of interest.

      Our range of services covers the following areas:

      • Supply concepts

        We design customised and modern concepts for your employees' company pension scheme that support your overarching HR strategy. We identify the combination of implementation channels that is customised for you. In doing so, we integrate the use of modern communication technologies and media in order to increase employee appreciation and willingness to participate.

      • Financing strategy

        We work with you to determine the best possible financing for your company pension scheme that is optimally aligned with your financial, liquidity and balance sheet strategy. We help you to find the best possible provider for your chosen financing approach.

      • Risk management

        We identify and analyse the risks associated with your occupational pension scheme and support you in setting up an occupational pension risk management system. In doing so, we develop competence guidelines, responsibilities and process definitions to improve the control mechanisms within your pension governance.

      • Process optimisation

        We analyse your processes for the day-to-day management of your occupational pension scheme and help you to optimise them in terms of efficiency and legal certainty and support you in the digitalisation of your occupational pension scheme.

      • Tax and labour law*) advice

        We advise you on the tax aspects of occupational pension schemes. Our cooperation partner, KPMG Law Rechtsanwaltsgesellschaft mbH, complements our advice on labour law aspects of occupational pension schemes. We assess the impact of the relevant framework conditions and current case law on your occupational pension scheme in the event of restructuring, ongoing pension schemes or in transaction situations.

      • Transaction consulting

        We tell you how you can deal with existing or future pension obligations in the event of a spin-off, sale or acquisition of companies or business units. We show you strategic alternatives for action. In addition, we support you in analysing the financial and risk aspects of the relevant pension obligations and assist you in negotiating an appropriate purchase price adjustment.

      • Valuation and consolidation

        We analyse the costs of your pension obligations and prepare actuarial reports for your annual financial statements as well as actuarial forecast calculations for planning purposes. We also support you as a "global actuary" from consolidation through to full accounting and balance sheet reporting.

      • Accounting

        We support you with complex special issues relating to the accounting of your occupational pension scheme and the implementation of new commercial law requirements. Against this background, we assess trust structures ("Contractual Trust Arrangement", CTA) and examine the possibility of asset transfers or withdrawals.

      Your contact

      Andreas Schillinger
      Andreas Schillinger

      Director, Advisory

      KPMG AG Wirtschaftsprüfungsgesellschaft

      * Legal servces are provided by KPMG Law Rechtsanwaltsgesellschaft