In late June, the Federal Ministry of Labour and Social Affairs and the Federal Ministry of Finance published the ministerial draft of a Second Act to Strengthen Occupational Pensions. Among other things, it provides for amendments to the Regulation on the Investment of the Guarantee Assets of Pensionskassen, Funeral Expenses Funds and Small Insurance Undertakings (Investment Regulation, or Anlageverordnung). The changes will also affect a number of professional pension schemes via references in the relevant state laws. According to the draft, pension funds are not affected.