Wolfgang Degel, who has been responsible for the company pension schemes (bAV) of the BMW Group for many years, joins our Pension & Investment Office as Senior Advisor and supports our clients and pension companies managed by Funding Solutions in oversight, control and administration of pension schemes.
Wolfgang Degel has extensive experience in the field of occupational pension schemes. After studying business administration in Munich and joining the BMW Group in 1986, Wolfgang Degel held various positions within the group. From 1997 onwards, he was Group Head of Remuneration Systems and from 1999 to 2022 he was responsible for the company pension scheme within the HR department. In this capacity, he introduced deferred compensation (DC) as part of the direct commitment at the turn of the millennium and subsequently achieved the conversion from defined benefit to defined contribution plans. These pension plans are considered groundbreaking for many other companies. In addition, the BMW Group has received several awards for its communication and digitalisation in occupational pension schemes thanks to Wolfgang Degel’s pioneering solutions. We are very much looking forward to working with Wolfgang Degel.
Funding Solutions was launched by pension and investment experts in 2018. Today, we service numerous international corporations (MNCs) with structuring, administration and oversight of their pension and investment operations. Funding Solutions has established the concept of pension buyout, i.e. transfer of pension liabilities, using local adaptions and realized the yet largest pension buyout transaction in Germany under use of a Rentnergesellschaft (“Pension Company”/”Pensioner Firm”). Funding Solutions onboarded obligations in excess of EUR 300mn. from industrial, service and financial services companies.