Everything on Business Structure

The German occupational pension (bAV) is currently a 'two-class society.' Large corporations (Siemens, Bosch) have efficient internal systems, while SMEs (KMUs) rely on poor, high-cost external insurance products.

Impact: This creates a massive wealth gap in retirement between corporate employees and those in the SME sector, potentially driving labor migration toward larger firms.

— from The Crisis and Potential of German Occupational Pensions (bAV) · Alles auf Aktien – Die täglichen Finanzen-News· Apr 11, 2026