But there are constellations in which employees can steer the investment of their own pension capital themselves. The question is exactly when that is possible.
The answer is: in certain extra-mandatory pension solutions. Specifically, these are the so-called 1e solutions, named after Article 1e of the BVV2 ordinance. They are open to salary components above a certain threshold and allow the insured person to choose from several investment strategies, depending on personal risk capacity and investment horizon. The insured person then bears the opportunities and risks of the chosen strategy themselves. So it is not the case that a free choice can be made in every pension fund, nor is there a general right of co-determination over the investment. The free choice is tied to these special extra-mandatory solutions.
For well-paid managers and specialists this is an attractive way to take more influence over their own provision. It does, however, require engaging with the topic of investment and being prepared to withstand market fluctuations. At PensExpert, precisely this freedom of design is at the core of the offering.