Annual Report 2024

The Foundation Board has decided that from July 2026, GEMINI will take over all operations currently managed by Avadis Vorsorge AG. The Foundation’s growth means it is now in a position to operate independently, bringing with it advantages such as leaner processes and greater flexibility.

All six existing members of the Foundation Board have been confirmed for the period 2025 to 2027, and the Investment Committee has been reorganised and expanded. Marianne Fassbind, as Chair, and Vital G. Stutz now represent the Foundation Board on the Investment Committee. With Mariusz Platek joining the committee, it has also gained additional analytical expertise.

The actuarial interest rate for employee benefits unit Pensions 2 was reduced by 0.5% as of 31 December 2024. Reasons for this include the conservative investment strategy, falling interest rates and the fact that no more contributions are being received, as there are no active employers left for this portfolio of pensioners.

From 2024, the GEMINI Collective Foundation’s annual report will be published in digital form, making the content clearer and more engaging. We will continue to make our annual financial statements, including the balance sheet, income statement and notes, available to download as a PDF.

The Foundation Board has decided to adjust the strategic asset allocation of its pool strategies. The biggest change is that Pool 20 is now referred to as Pool 25, after the equity component was increased to 25%.