German pension plan expansion

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GERMANY - OVB Holding AG, a financial sales organisation, plans to increase the proportion of company pension plans (bAV) business in the medium term to 15% of its total sales in Germany.

Michael Frahnert, chief executive officer of OVB Holding AG, said: “By creating this area we are furthermore reacting to the thoroughly positive trend in the area of private provisions and the stro...

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