Prudent man standard of care (also referred to in German)

Particularly prudent investment strategy for funds in pension plans, prescribed by law or enforced by supervisory authorities. The formula, also used internationally and in German, is explained in Section 1104 of the U.S. Employee Retirement Income Security Act (ERISA). – See Retirement Income Security Act, balanced, best practices, balance sheet, holistic, nominal value guarantee, Occupational Pensions Regulatory Authority, pension funds, rabbi trust, straitjacking. – Cf. Monthly Report of the Deutsche Bundesbank of July 2002, p. 37 (in note 32 also reference to corresponding provision in England), Monthly Report of the Deutsche Bundesbank of December 2007, p. 71 (scenario-based stress tests).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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