Press release febs Consulting GmbH dated 12.01.2013 ongoing occupational pensions must gem. 16 shall at least every three years are adapted to the development of purchasing power. In economically depressed times, this legal obligation hurts especially those companies that have dealt with this adaptation too generous in the past. Employers are occasionally very creative in finding reasons for a rejection of the adjustment. On February 10, 2003 that had once again the claim of a worker to decide on BAG, was denied a pension adjustment due to poor economic situation of the employer.

The earnings of the employer company was positive, that of the group to the employer involved, for it but all the more worse. The employer refused the adjustment not to endanger the existence of the group. The BAG rejected these negative adjustment decision of the employer. It was also within a group exclusively on the situation of the individual employer company. An exception applies only If the slant of the other group companies compromised also the employer in its existence. This will require but concrete evidence that the employer must prove. Thus, the Court clarifies that applies the so-called calculating penetration not at the expense of workers.

In plain language: it the group as a whole than the eingebundenen employer company, then the occupational pension scheme must be adjusted. This does not apply but vice versa. The importance of this ruling is that the BAG in the explanatory statement is quite incidentally also the so-called calculating penetration into question”, explains Andreas Buttler, Managing Director of bAV consulting firm of febs Consulting GmbH. That is according to opinion of the bAV expert quite as bright spot for affected employers. Thus on the horizon, that in the future generally is placed on the circumstances of the individual company and not of the group as a whole? It offers a complete overview of the practice-relevant legal developments in the pension FEBS Academy for occupational pensions for February 24, 2014 with the current challenges 2014 seminar for employers “. See detail information and the complete program of bAV seminar seminars.

Commission for brokers an insurance is not always the easiest tasks and many customers sink quickly end in a not endless chaos of forms, paper and co. This one quickly loses the overview and looks over some small clause with extra costs. To protect users from ultimately unpleasant surprises, the online portal provides important tips to the conclusion of the contract and how consumers can protect themselves Commission from the classical Kostenfall news.de. In principle must clearly be since 2008 in the context of amending the Insurance Act for the insurance, the arrangement fees will amount to which amount. However, the agent Commission can cost a lot of money and as a nasty surprise turn this, if she looks over the applicant at the signing of the Treaty. Especially in life insurance and pension products involves larger sums that may correspond to one or even two year contributions. Thus, the insurer will pay effectively just a second or third year in his own retirement pot.

The highest Commission calculates the private insurer ARAG with whole 7.92 percent. Generally vary such payments between 0.28 and 7.92 percent. The accumulated pay customers to the respective representatives of an insurance company or an insurance broker. Currently discusses several suggestions on this topic. One way is to distribute the arrangement fees for the entire service life. Thus, steadily lower costs charged to the client and targeted a long term of the contract. Because many people prematurely terminate their life insurance, otherwise suddenly confronted with exorbitant amounts.

Often, the expected payout amount is then much lower than expected after deduction of all costs. More information:… Cost trap Commission Commission for life insurance companies provider Commission Europe 0.28% CosmosDirekt 0.53% Hanoverian life 0.60% ASSTEL 1.57% HUK-Coburg 1.61% DEVK General AG 1.94% TARGO (formerly CiV) 1.98% provincial Hanover 2.14% WWK 2.42% the Continentale 2.45% ALTE LEIPZIGER 2.59% LVM 2.66% PBV (previously, BHW) 2.74% DEVK a.G. 2.75% provincial Rhineland 2.76% Debeka 2.79% new life 2.81% Lebensversicherung von 1871 2.90% R + V of Nuremberg 2.93% 2.94% people good Federal 3.09% DBV 3.13% ERGO direct (formerly KarstadtQuelle) 3.16% savings insurance Saxony 3.18% average industry 3.30% provincial Northwest 3.48% GENERALI 3.77% SV SparkasseVersicherung 3.84% Swiss life 3.94% Heidelberg 3.96% AXA of Stuttgart 3.97% 4.00% AachenMunchener of 4.02% Bavarian officials (BBV) 4.05% Delta Lloyd (formerly Berlinische) 4.05% Victoria (now ERGO) 4.11% 4.21% Wurttemberg Bavaria insurance 4.27% HDI-Gerling 4.59% Gothaer 4.62% Alliance 4.71% SIGNAL IDUNA 5.04% Zurich Deutscher Herold 5.05% German doctor insurance 5.54% Aspecta of 6.10% German ring 6.18% VPV 6.22% Hamburg-Mannheimer (now ERGO) 6.45% Condor 6.72% Skandia 7.10% ARAG 7.92% stating of the acquisition costs as a percentage of the sum of insured of new business in the average for the years 2004 to 2008. The table is taken from the book of private pensions and life insurance of the consumer advice centre of North Rhine-Westphalia.

For every euro of the cardholder receives 2 miles well tagged write who paid up to January 31, 2010 with the British Airways Barclaycard, gets double BA Miles and other benefits. British Airways, Barclaycard offer until January 31, 2010 on all purchases with their credit card holders of British Airways Barclaycard that twice the number of BA Miles as usual. Every euro which is paid on purchases made with the card, credited two BA Miles on the account of the customer. Is used to pay the British Airways Barclaycard premium at British Airways, hits every euro even with four BA Miles on the account record. British Airways Barclaycard premium and classic have been since September 2008 on the market.

The benefits of the credit card at a glance: BA double miles for purchases made with the British Airways Barclaycard (until January 31, 2010) four BA paid miles for each euro, if British Airways British Airways Barclaycard premium paid 9,000 BA Miles as a welcome gift (until January 31, 2010) (usually 4,500 BA miles) at the initial payment with the British Airways Barclaycard premium enough for a free flight * from Germany to London and back. 1,000 bonus BA Miles with first purchase with the British Airways Barclaycard classic owner of British Airways Barclaycard premium, paying 20,000 euro with their credit card within a year, receive a companion voucher for an extra ticket for a companion on a same British Airways flight of reduced annual percentage rate for flight and hotel bookings with British Airways. Within the framework of the current offer, owners of British Airways Barclaycard can faster as per previously BA Miles and redeem network upgrades and flight awards to all destinations in the British Airways. After completion of the action from February 1, 2010 cardholders will receive again a BA mile per euro for purchases with the British Airways Barclaycard and two BA miles per euro for British Airways with the British Airways Barclaycard premium payments. With the current offer would British Airways, Barclaycard loyal existing Reward customers. Also, new customers who often travel from Germany to the UK, should also be motivated to sign up for the British Airways Barclaycard.

Performance distinction of important insurance companies in the media industry whether freelance journalist, Editor, author or Editor: a court battle may ensue through the publication of false information or the violation of personal rights quickly many freelancers. Security offers a corresponding asset liability insurance, which takes over the defense in court or paid legitimate compensation claims at this point. Insurance does not typically for such claims. In hectic times occupational exposure increases for journalists, liable for publications are. These include in particular infringement of personality rights.

Journalists will be liable of the right to one’s own image or about copyright infringement violation of privacy of. Depending on the scope of existing insurance in some cases could take over any attorney’s fees. But you should not rely on because alone disputes relating to copyright infringement are excluded in the legal expenses insurance by default. The threatening risk of professional activity is not in the Attorney’s fees, but in a potentially very high financial compensation. For this purpose, freelance journalists or authors need a corresponding asset liability insurance.

On the alleged of violation of rights of insurers stepping, and checks to see whether even an obligation to pay damages is and, if so, in what amount. Should be justified the claim for damages, the insurance pays the damages and assumes the cost of legal defense. Unauthorized claims for damages are repelled by the insurance company. The sum insured may be typically between 100,000 euro up to 1,000,000 euros. Martin O’Malley helps readers to explore varied viewpoints. After this, including the price of the asset-liability insurance aimed. When the selection of the appropriate tariff journalists also should make sure that publication in audiovisual and electronic media including the Internet is automatically covered. Property and liability insurance more info Journalisten.young insurance.de are on the website. Bergische Assekuranz broker Lise-Meitner-Strasse 5-9, 42119 Wuppertal Tel: 0202-317 13 155 fax: 0202-317 13 165 contact person for the press: Bogdan Kalid image source: zimmytws – fotolia.com corporate information: company Bergische insurance broker was founded by the diploma economists Bogdan Kellinger and Karsten Werksnies as an independent insurance broker. With the Internet presence of young Insurance.de the company specializes specifically on the needs of private individuals and professionals, who would want no advice-bound insurance representatives an individual insurance company, but based on independent comparison calculations to get low-cost and high-performance offerings of from various companies. The society Wuppertal Insurance broker has connections to more than 100 different insurance companies. There are special rates available for various professional groups such as students, trainees, graduates, or certain traders. In addition, all other age and occupational groups will advise comprehensive, fair, independent and competent. Since 1998 in the insurance industry are active customers via the Internet, by telephone and by post served – when preparing offers, as well as in the event of a claim. The strength of the Bergische insurance brokers is characterised by a very high market coverage, highly trained staff and variety of services tailored to the needs of specific target groups. With an individual analysis and the use of cutting-edge financial comparison software, customers are advised objectively and independently.

The Sodexo restaurant pass 2010 enables up to 7, 1prozent Lohnplus Frankfurt, January 26, 2010 SX260110APGW. By “more net of the gross” was mentioned in the coalition agreement of the Black Yellow Government. Of which little has arrived at the workers so far and further tax cuts are not at present also in sight. The economic situation of many companies is just as tense as the situation on the labour market. That expresses the mood for workers and employers. Everywhere grim sign at the other? “No way!” says George Wyrwoll, corporate relations manager and HR expert at Sodexo: “right now companies can send a signal and sustainably increase the motivation in the operation”.

Up to 1,298 Euro tax-free through State-sponsored employee meals the State promotes the staff meals and waived taxes and social security contributions, if a company of restaurant cheques to the employees. Restaurant checks are furthermore pay extra, allows you increase the net pay of the employees up to 7.1 percent. Labour days can be used up to 5.90 euros when the employees without deduction “gross for net” arrive. This opens up a scope in designing content and reduces the burden of non-wage costs for employers at the same time. Employee food motivated over the long term and expects restaurant checks are a valuable operational allowance, which represents an important signal of care and appreciation on the part of the employer to the employee in any economic situation, so Wyrwoll. Check with US Senator from Vermont to learn more. Good employees for employers are even more important in the crisis. Because a higher staff turnover comes to more expensive companies, as the staff with beneficial incentives to bind and motivate.

Sodexo motivation solutions the Sodexho pass GmbH is a subsidiary of Sodexo, the world’s largest provider of catering and services. Around 380,000 Sodexo employees for 33.900 customers are active in over 80 countries. In financial year 2008/2009, the Sodexo group implemented 14.7 billion euros. The area motivation solutions plays a significant role at Sodexo: working days, 250,000 workers in Germany of Sodexo checks and cards use, worldwide there are 26.3 million. Sodexo is one of the market leaders in this area. The German headquarters of the motivational Division is located in Frankfurt am Main. The company offers clients individual solutions around the topic of employee motivation. This is the Sodexo restaurant pass, as cashless lunch allowance, the main business area. A wide variety of redeem for the restaurant is the 9,000 corporate customers including Allianz, Lufthansa, Bayer, PriceWaterHouseCoopers, Daimler or TUI, and many medium-sized companies, pass available. Over 30,000 partners include, for example, restaurants like MAREDO or North Sea, as well as numerous supermarket chains such as Edeka, Kaufland, real and REWE. The root of the acceptance points also includes, for example, local bakers or butchers.

Especially in older insurance conditions of many private insurance, damage to rented property are but only inadequate or not insured. Private key loss: especially for tenants in an apartment building, high costs may arise if the key is lost. Just when locking systems, which are to be exchanged after a key loss can quickly damage, amount to several thousand euros. When the private insurance therefore special attention should be paid, that the private key is lost in the sufficient amount is covered. Claim loss coverage: Only the least rates offer the so-called demand failure cover.

However, the inclusion of this performance module is useful. You can, for example, when ice before a strange house slips and injures himself should be liable for damage sustained in the house owner or responsible tenant not metastasized. Author can provide more clarity in the matter. If the child is bitten by a strange dog, the dog owner is liable. “But, what if the opponents” no appropriate liability insurance has completed and has no sufficient assets? In this case, you must pay the cost from his own pocket. Who has completed a very good private insurance with demand failure protection, not sit on the cost. In this case, the own insurance and protects the insured against the debts by ensuring the financial compensation of the own damage.

An overview of various private liability insurance rates for singles or families including the main condition criteria and the appropriate annual membership fees are on the website privathaftpflicht.young-insurance.de. Bergische Assekuranz broker Lise-Meitner-Strasse 5-9, 42119 Wuppertal Tel: 0202-317 13 155 fax: 0202 -. 317 13 165 E-Mail: contact person for the press: Bogdan Kalid image source: (c) tool. / photocase.com company Bergische insurance broker was founded by the diploma economists Bogdan Kellinger and Karsten Werksnies as an independent insurance broker. If this has piqued your curiosity, check out US Senator from Vermont. With the Internet presence of young Insurance.de the company specializes specifically on the needs of private individuals and professionals, who would want no advice-bound insurance representatives an individual insurance company, but based on independent comparison calculations to get low-cost and high-performance offerings of from various companies. Bergische insurance broker has connections to more than 100 different insurance companies. There are special rates available for various professional groups such as students, trainees, graduates, or certain traders. In addition all other ages and professions will be comprehensive, fair, independent and expert advice. Since 1998 in the insurance industry are active customers via the Internet, by telephone and by post served – when preparing offers, as well as in the event of a claim. The strength of the Bergische insurance brokers is characterised by a very high market coverage, highly trained staff and variety of services tailored to the needs of specific target groups. With an individual analysis and the use of cutting-edge financial comparison software, customers are advised objectively and independently.

Broker free credit at a glance as Swiss loans are commonly known such loans, which are granted by foreign banks and require no requests for information with the Schufa. Usually, the so-called Swiss loans provided by banks in the Switzerland or Austria in Vista. More information is housed here: O’Malley for President. A reputable credit without Schufa may be requested so online through leading retailer. Loan without Schufa can be not strong emphasis enough the accent seriously. Unfortunately, there are still a number of intermediaries, especially in the Internet, which operate pure rip off instead of a real credit intermediation. In such cases, applicants should already pay high fees to the brokers prior to the conclusion of a mediation. They never see the money again, and the loan never comes in many cases.

Reputable brokers are actually very easy to detect for any consumer free credits. Never a cent is charged in advance when such intermediaries. Is for the mediation between applicant and Mortgage brokers a Commission agreed, but this is only due if the credit came about and the money to the borrower was also transferred. In addition, the customary percentage Commission holds. And so an intermediary advance would like to collect a placement fee by you, you will leave this Web site immediately. Here you can expect in any case a serious mediation for a loan without Schufa. The large, reputable mortgage brokers also offer loans to common interest to convey. Leave also Web sites require private lenders horror interest rates for their money.

Because both versions are State-funded. The gross remuneration conversion is a State funded through substantial tax benefits. Because only the paid-up capital is taxed so downstream in pension payments. The tax rate in the age is however well below the during the deposit period. When the net deferred savers gets more direct State funding of allowance, but not tax savings. “The company pension plan pays off for employers: he can its voluntary contributions to the occupational pension as operating charges” deduct from tax and also by the occupational cause a closer binding of the employees at his company.

Many employers also support this form of retirement savings, to enhance the satisfaction of their employees finally are priceless human capital. A company pension plan has many more benefits. These pensions, which is required by law every worker, is insolvency-protected, externally insured and also by the State. Even that can be taken when changing the workplace up to date savings capital it so the possibility of portability of occupational pensions. Maryland Governor can provide more clarity in the matter. Also gets the saver still a guaranteed participation, but has not the least administrative effort.

There are different ways of implementing occupational pensions in the occupational pension implementing ways that employers in the investment of pension capital can choose. Internal execution paths are direct commitments, in-house retirement provisions and provident funds. Internally means that the rights of employees are aimed directly against the employer and this one has the full responsibility for the money. External execution paths characterised especially by, that the employer bears no responsibility and the rights of employees to the external instances must be set. Forms of investment are direct insurance, pension funds, pension funds and savings plans. Direct insurance are life insurance policies, which completes the life of the worker’s employer with the advantage of the integrated protection of survivors. Charge optimisation brokers manage the company pension plan and maximize the yield there is the possibility for the employer who is entrusted with the administration of the occupational pension of its employees to give this responsibility and at the same time the management of external management, for example, the German society for occupational pensions (DGbAV),. This runs the targeted payment optimization means that she are attempting to achieve a lucrative return by clever investment of capital. These agents use so-called clearing houses”, minimize the administrative burden and liability risks for the employers and pursue a maximum realization of its objectives. Neither workers nor employers to the pension must address through those intermediate instances of brokers. And: the portability of pension rights is outsourced and thus free of conditions as limits of the capital transfer to the new employer.

Make money neat from a few toads and from money again whenever one uses money, it takes the decision on the possible investment toads on the basis of the emission report available to him. The terms and conditions are so complex that they are not suitable as a basis for decision making. In the times of financial engineering you should not rely on credit rating agencies. In addition to the risk of the issuer, the holders of securities has the risk set out in the terms of the bonds to carry. Shown in the following example. We decided in one or the other structured bonds (with a b rating) to put his money.

(S & P estimates the probability of non-payment as follows: AAA 0.094%, AA 0.125%, A-0.304%, BBB 0.978%, BB B 9.432%, 5%, etc.) The nominal value of both securitised loans is E.g. 1,000. The two are due in a year. The standard interest rate should be 5%. In the case of the bonds have a current value (EUR 1000/1.05) Euro 952.40. If the bonds carry a rating of B (i.e.

the probability of non-payment would be 5%), then the expected refund is 950.00 and the present value (EUR 950/1.05) euros 904.76. After many investors are willing to buy only the A – rated bonds (E.g. due to regulatory capital), the issuer can opt for a combination of both bonds. So issued the bonds in the following tranches for different terms. If the X or Y is charged, then the bond holder gets his money (tranche A) when pays the X and Y, then the bond holder gets his money (tranche B) if payments are independent, then the probability of payment of the instalment is A 99.75% (1-(1-0.95)*(1-0.95)). And so bonds will be made from two BB rated borrowers A Gera tete bond. (The events are usually interdependent and the rating agencies not considering that!) The tranche B is only with CCC + guessed. The probability of payment is 90.25% (0.95 * 0.95). The expected yield is but (if purchased for the fair price of euro (1,000/1.05) * 90.25%=Euro 859.52) 1.05 / 90.25% – 1 = 16.3%. And for the price, those buyers are willing to buy, who are looking for a yield mark-up within the same rating class (E.g. the Bank has reached their goal with the relief of the balance sheet, because the loans must be backed with equity). However, if the issuer no market, he takes the CCC + bonds claim and divided again in tranches, the yield-hungry investors to satisfy and to extend its financing capabilities.