Framework conditions
General economic factors that affect business development
Since MLP generates over 98 % of its total revenues in the German market, specifically in the consumer business, the economic development in Germany, the development on the employment market – predominantly with regard to our target client group of academics and other discerning clients –, the purchasing power and the savings rate of German households are important indicators for our business development. However, in the course of the worldwide financial market crisis and its effects on national economic development, it also became clear that the future expectations of our clients formed the key national economic factor for our business development in 2008. In uncertain times, people are less inclined to commit to medium- or long-term investment decisions, particularly in the areas of old-age provision and wealth management.