{
  "id": 16653591,
  "title": "Altersvorsorge: Muss jetzt die Bafin bei den Versorgungswerken eingreifen?",
  "url": "https://urgent.news/2026/10/26/altersvorsorge-muss-jetzt-die-bafin-bei-den-versorgungswerken",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-26T19:54:07.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/finanzen/vorsorge/versorgungswerke-muss-jetzt-die-bafin-eingreifen/100265050.html"
  },
  "original_language": "de",
  "account": "A lawyer from Hesse recently approached the State Ministry of Justice regarding his pension with the German lawyers' pension fund. This fund has invested in real estate projects in the USA, which suffered significant losses. While the state of Hesse oversees these occupational pension funds, its oversight is limited to guidelines and does not extend to the investment policies of these funds. The fund's decision to invest in the Transamerica Pyramid office tower in San Francisco, for instance, proved to be a mistake. The investment lost around 58 million euros, largely due to the effects of the COVID-19 pandemic, including rising construction costs and disrupted supply chains. The investment was made through the Munich investment firm Deutsche Finance Group. \"Read also: How pension funds sink money for retirement\" The Hessian Justices Ministry currently sees no need for action in this case of loss-making investments in US real estate. There are currently no legal violations regarding the investments in US real estate. Thus, no supervisory measures have been taken so far. According to the pension fund's information, the US investments also do not affect the pensions and entitlements planned for 2027.",
  "summary": "Einige berufsständische Versorgungswerke haben viel Geld in riskanten Investments versenkt. Das hat ein juristisches Nachspiel.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}