BACKBONE OF PENSION PLANNING

Investment funds play a central role in pension planning: although people save for their retirement through insurance companies, pension schemes and employers, the money invested is mainly managed in investment funds. In addition, Germans save for retirement directly in funds (e.g. 'Riester'-pension).

Investments by insurance
companies*
(EUR 2,491 billion)

car

35%

share of investment funds

Retirement benefit
schemes
(EUR 737 billion)

pills

67%

share of investment funds

*Including property insurance and reinsurance companies, without retirement benefit schemes.

As at 31 December 2024
Source: Deutsche Bundesbank

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