Generali is likely to benefit from the new German private pensions as customers seek advice, given its strong distribution of agents, Berenberg analyst Michael Huttner writes. "Although the subsidies are simpler to calculate than for the old Riester product, savers will be able to mix and match different options," Huttner says. The new German private pensions--which are due to be launched on Jan. 1--are expected to unlock an extra 26 billion euros to 56 billion euros a year of annual savings flows in the mid-term, according to S&P. Shares are up 1.2% at 42.79 euros. Berenberg has a buy rating on the stock and a 71 euro target price. (ian.walker@wsj.com)
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Generali Likely to Benefit from German Private Pension Reform — Market Talk
Generali is likely to benefit from the new German private pensions as customers seek advice, given its strong distribution of agents, Berenberg analyst Michael Huttner writes. "Although the subsidies are simpler to calculate than for the old Riester product, savers will be able to mix and match dif…