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 insurancecompanies*(EUR 2,402 billion)
34%
share of investment funds
Retirement benefitschemes(EUR 700 billion)
67%
share of investment funds
*Including property insurance and reinsurance companies, without retirement benefit schemes. As at 31 December 2023 Source: Deutsche Bundesbank
