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IME Pension Fund
Founded in Luxembourg and domiciled in Munsbach, the IME Pension Fund operates as a multi-employer defined-benefit pension scheme governed by the Association...
IME Pension Fund
Founded in Luxembourg and domiciled in Munsbach, the IME Pension Fund operates as a multi-employer defined-benefit pension scheme governed by the Association d'Épargne-Pension (ASSEP) regulatory framework. This structure allows multiple unrelated employers to participate in a single pension vehicle, a model designed to provide smaller entities with access to institutional-grade retirement infrastructure and investment management. Directors Rafat Malik and Ralph Richards oversee the fund, with Rüdiger Tepke joining the directorate in December 2023, succeeding Michael Mac Lean Dripps. The fund's investment program is executed chiefly through Allianz-branded vehicles domiciled in Luxembourg. Core allocations span the Allianz Multi Asset Fund Family, the Allianz PortfolioKonzept series, and Allianz Lifecycle Products — a lineup that covers diversified multi-asset strategies, risk-profiled portfolio solutions, and age-based glide-path funds tailored to pension plan members. Beyond public-markets exposure, IME Pension Fund accesses private markets via a strategic co-investment partnership with Allianz Capital Partners, the direct-investment arm of Allianz Group. This relationship gives the pension fund access to infrastructure, private equity, and other real assets predominantly in Europe and North America. As a Luxembourg-regulated ASSEP, the IME Pension Fund is subject to the supervision of the Commissariat aux Assurances, which enforces solvency and governance standards specific to pension entities. The December 2023 appointment of Rüdiger Tepke as director marked a governance refresh, aligning oversight with the fund's long-duration liability profile. Adjacent structures or philanthropic entities are not publicly disclosed. IME Pension Fund's structural distinction lies in its ASSEP wrapper — a Luxembourg-specific legal architecture that aggregates multiple corporate pension plans under a single regulated umbrella, a model uncommon outside the Grand Duchy. This pooling mechanism allows participating employers to share governance costs and investment access that would be uneconomical to pursue independently, while the Allianz partnership outsources asset management to a global insurer's institutional platform.
General information
Firm type
Pension Fund
Year founded
2001
Location
Region
Europe
Country
Luxembourg
City
Munsbach
Corporate office
Munsbach, Luxembourg
Principals
Rafat Malik
Director of IME Pension Fund ASSEP
Ralph Richards
Director of IME Pension Fund ASSEP
Rüdiger Tepke
Director of IME Pension Fund ASSEP
Frequently asked questions
Who directs investment policy at IME Pension Fund?
Three directors currently govern the fund: Rafat Malik and Ralph Richards, both founders, and Rüdiger Tepke, who joined in December 2023. The fund does not appear to employ an in-house investment team — asset management is delegated to Allianz via a series of Luxembourg-domiciled fund vehicles, with Allianz Capital Partners covering private-market allocations.
What is an ASSEP and how does it shape the fund's operations?
ASSEP stands for Association d'Épargne-Pension, a Luxembourg legal form designed for multi-employer pension schemes. It permits unrelated companies to pool pension assets into a single regulated entity governed by its own board and subject to oversight by the Commissariat aux Assurances. The structure is particular to Luxembourg and allows IME Pension Fund to serve a diffuse corporate client base while maintaining a unified investment program.
How does the fund invest its assets?
IME Pension Fund accesses public and private markets almost entirely through Allianz-managed vehicles. Public-market holdings flow through the Allianz Multi Asset Fund Family, the PortfolioKonzept risk-profiled strategies, and Lifecycle target-date products. Private-market exposure — including infrastructure, private equity, and real assets — is sourced through a strategic co-investment partnership with Allianz Capital Partners, the direct-investment arm of Allianz Group.
Which employers participate in the IME Pension Fund?
The identities of participating employers are not publicly disclosed. As a multi-employer ASSEP structure, the fund is designed to serve multiple unrelated corporate sponsors, likely small and medium-sized enterprises based in or operating through Luxembourg, but no member roster is available from public filings or the fund's limited public communications.
The fund has no public website and minimal public disclosures — how can an allocator evaluate it?
IME Pension Fund's transparency profile reflects its regulated private ASSEP structure rather than a deliberate opacity. Relevant documentation — including investment policy and audited accounts — is filed with the Commissariat aux Assurances and is generally available through Luxembourg's Registre de Commerce et des Sociétés. Direct engagement with the directorate or with Allianz's institutional relationship team would likely be required for any meaningful due-diligence dialogue.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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