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Bloomberg

Money Managers Chase €500 Billion Historic German Pension Shift

Saturday, August 15, 2026


Germany's government passed legislation to shift its pension system toward private investment funds, opening access to approximately 500 billion euros in assets for money managers. The reform marks a significant structural change to the country's pension framework, which was originally established in the late 19th century. Fund managers are expected to begin managing portions of the newly accessible pension capital under the revised system.

Original reporting: https://www.bloomberg.com/news/articles/2026-08-15/money-managers-chase-500-billion-historic-german-pension-shift

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