The Aktieninstitut wants to advertise with an offensive for more capital formation in the hands of employees. Positive examples from abroad serve as key witnesses.
Uta-Bettina von Altenbockum is allowed to advertise the Sweden model. The head of press and public relations at Deutsches Aktieninstitut has lived in Stockholm for several years and is convinced of the model there: 16 percent of the salary goes as a pension contribution in a pay-as-you-go system, as we know it from Germany. However, 2.5 percent have been taking the “premium pension” for several years. Every Swede saves in funds on the capital market. The government standard solution AP7 Safa invests 92 percent in shares. Return over the past few years: 9 percent annual average.
The demographic change, which threatens to overwhelm the pay-as-you-go system in aging societies, is supplemented by a high-yield addition of old-age provision on the capital market. Some countries have already gone this way and the Aktieninstitut has looked at the experiences not only in Sweden, but also in Denmark, the Netherlands, Switzerland, Canada, the United States, Great Britain and Australia. Result: excellent. “In none of the countries examined have we encountered problems that can be attributed to an excessively high equity quota,” says Norbert Kuhn, head of corporate finance at the Aktieninstitut and one of the authors of the study. “And we really tried to find disadvantages or problems.”