Richter Pension Consulting

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Pension commitments pose enormous difficulties for a great many medium-sized companies, as pension payments are very difficult to predict in the medium to long term – both in terms of cash flow and the trend in pension provisions – and are therefore almost impossible to budget for.

They have a negative impact on operating profit and, in the context of business succession, can be a major obstacle – or even a deal-breaker – for potential buyers.

To resolve the issues surrounding pension commitments and pension provisions, SME companies are often offered product solutions from the insurance or investment sectors, as most of the people they deal with are intermediaries from these fields.

As a management consultancy specialising in ‘pension commitments and pension provisions’, Richter Pension Consulting GmbH primarily advises medium-sized companies with pension commitments ranging from those for individuals (usually owners or managing partners) to complex pension schemes for the workforce.

Richter Pension Consulting GmbH is a member of the Federal Association of German Management Consultancies (BDU e.V.) and is represented there in the specialist associations for ‘Business Succession’ and ‘Restructuring and Insolvency Advice’. We work closely, primarily with M&A advisers, restructuring and reorganisation advisers, tax advisers, auditors and insolvency practitioners.

This usually involves reducing pension provisions or transferring pensions/pension provisions to external entities (pensioners’ limited liability companies, pension funds, etc.), often in the context of restructuring and reorganisation issues or in connection with forthcoming company sales or acquisitions.

Richter Pension Consulting GmbH advises clients on both the buyer’s and the seller’s side.

In this area, Richter Pension Consulting GmbH provides speakers for Chambers of Commerce and Industry (IHK), economic development agencies, reorganisation conferences, or as part of specialist further training programmes in the banking sector or for tax advisers.