Main Post: Pensions as ‘basic protection’: Does Germany need the US-style 401(k) pension scheme?

Due to its funded nature, the US 401(k) model is regarded by many as a benchmark for retirement provision. In this article, our Head of Think Tank, Dr Norbert Kuhn, outlines the advantages of capital market-oriented solutions in retirement provision. With long-term, broadly diversified and continuous investment, they could offer a way out of the demographic challenge.

The article was published on 7 May 2026.