Allianz will launch a new pan-European pension fund offering later this year, the German insurer and financial service provider announced today.
In an interview on the firm’s website, chief executive Michael Diekmann said: “Later in the year, we will launch a new pan-European pensions offer: I can't reveal any details yet but this is something our corporate customers have been wanting for years.”
The move follows Allianz’s conversion into a Societas Europaea, the legal form of the European Company created by the European Council in 2001, last Friday, signalling a broad “cultural change” at the group according Diekmann.
Only last week, Allianz Global Investors launched a new range of investment funds designed for distribution across the whole of Europe.
Furthermore, Diekman was quoted as saying: “We have also just launched a new index-linked life insurance product for the entire CEE region. On an even more global scale, a unit-linked life insurance product developed by Allianz Life in the US was successfully rolled out in Germany.”
At the end of 2005 Allianz Group had more than ԁ.26trn euros in assets under management. Of this, ��bn were assets managed for third parties.
by Carolyn Bandel
See also Allianz interview
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