Germany’s investment industry association, BVI, is aiming to form a Europe-wide limited partnership investment companies in which multinationals would be able to pool their pension assets, IPE reports. The companies, named Investmentkommanditgesellschaften, will operate under existing investment laws, ensuring protection for investors against company insolvency.
The vehicles will be transparent when applying double tax treaties, making them attractive for foreign pension systems. The association is seeking to set up similar legal frameworks in Ireland, Luxembourg and the Netherlands as they save costs through scaling effects, unify asset management and increase diversification and specialization.
Click here for the story from IPE.
