Shares in pension schemes secure prosperity, create jobs and enable innovation. While other countries have recognised this connection and are using it to their advantage, Germany continues to tinker with the pay-as-you-go system. Henriette Peucker, Chief Executive and Member of the Board of Deutsches Aktieninstitut, explains in her guest article in Handelsblatt how things could be done better: by using the earning power of shares in all three pillars of pension provision so that Germany does not miss out on opportunities. After all, Germany also has what it takes to benefit in several ways. Instead of continuing to manage pay-as-you-go deficits, it is important to discover capital market-based pension provision as an engine for prosperity – for all generations.

The article was published on 15 September 2025.

Shares in pension schemes secure prosperity, create jobs and enable innovation. While other countries have recognised this connection and are using it to their advantage, Germany continues to tinker with the pay-as-you-go system. Henriette Peucker, Chief Executive and Member of the Board of Deutsches Aktieninstitut, explains in her guest article in Handelsblatt how things could be done better: by using the earning power of shares in all three pillars of pension provision so that Germany does not miss out on opportunities. After all, Germany also has what it takes to benefit in several ways. Instead of continuing to manage pay-as-you-go deficits, it is important to discover capital market-based pension provision as an engine for prosperity – for all generations.

The article was published on 15 September 2025.

Shares in pension schemes secure prosperity, create jobs and enable innovation. While other countries have recognised this connection and are using it to their advantage, Germany continues to tinker with the pay-as-you-go system. Henriette Peucker, Chief Executive and Member of the Board of Deutsches Aktieninstitut, explains in her guest article in Handelsblatt how things could be done better: by using the earning power of shares in all three pillars of pension provision so that Germany does not miss out on opportunities. After all, Germany also has what it takes to benefit in several ways. Instead of continuing to manage pay-as-you-go deficits, it is important to discover capital market-based pension provision as an engine for prosperity – for all generations.

The article was published on 15 September 2025.