Deutsche Telekom has been declared winner in the "Best Pension Fund in Germany" category at the Investment & Pensions Europe awards, held in Barcelona. These awards are given annually to the best European pension funds in a variety of categories. Deutsche Telekom's company pension plan held its own against prestigious competitors such as Bosch and RWE, which were also shortlisted.
An international jury concluded that Deutsche Telekom's company pension plan and pension fund were "best in class" in Germany. The jury had particular praise for Deutsche Telekom's successful approach to the efficient bundling of the monies in the different company pension plans offered to employees. Deutsche Telekom's fund stands out for its global distribution, risk management, and investments with a focus on sustainability. The pension fund has also succeeded in reducing administrative complexity and introducing a single, governance framework. And with success: in direct comparison to other competitors, this approach enabled an above-average yield to be attained.
A major factor: Deutsche Telekom capital account plan
"Deutsche Telekom's company pension plan holds a very attractive, solid position," emphasizes Carsten Velten, Head of Pensions and Risk Benefits and chairman of the pension fund in question. A major factor in this is the employer-financed Deutsche Telekom capital account plan, which is complemented by the additional option of the Deutsche Telekom pension fund. This allows employees to broaden their pension cover on an individual, tailor-made basis. "In this very complex world, it is only possible to achieve a good, sustainable yield through constant improvement. This award shows that we are doing this well," continues Velten.