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POSITION

POSITION is the magazine published by Flossbach von Storch. In addition to practical information on financial matters, it features articles and analyses on monetary policy, investment strategies, and developments in the financial markets.

The latest issue of Position

“The Wrong Hero”

Did you recognise the "hero" on the cover of this issue? No? Let's put an end to the suspense: it is meant to be Pac-Man, the iconic character created by Namco and a star of the early 1980s video game era. In our case, however, he is more of a tragic hero. His silhouette resembles the pie chart shownon page 24. The pie chart illustrates the primary source of retirement income in Germany today: the state pension system. For an ageing society like ours, this certainly does not bode well for the future ...

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