By Luigi Serenelli2021-03-01T15:45:00+00:00 Metzler, the German bank, has set up a Pensionsfonds to provide occupational pensions based on the social partners’ model, which means social partners can negotiate pure defined contribution (DC) occupational pensions without guarantees and employers’ liability through collective bargaining agreements. The social partners’ model was introduced in 2018 with the law to reinforce occupational pensions, the Betriebsrentenstärkungsgesetz, but so far employers and employees have yet to sign agreements to finance pension provisions within the new framework. Last month the financial supervisory, BaFin, gave Metzler the green light to establish its Metzler Sozialpartner Pensionfonds, which runs the new form of occupational pensions.