A DIFFERENT LOOK
Documentaries about people and their worlds
Dirty business with our pension
A documentary by Caroline Nokel
In cooperation with WDR and SWR
Commissioning Editors: Martin Suckow and Hanspeter Michel
TV premiere: 9th November 2020 at 8.15 p.m., Das Erste
The legal pension alone is no longer enough, they say, which is why most people in this country make additional private provision for old age: with company pensions, Riester pensions or life insurance. The sum is enormous: insurers and pension funds invest a total of around two trillion euros in old-age provision on the capital market. They use the money to finance companies, banks and real estate, for example.
But what options do consumers have to find out exactly what happens to their money? The documentary shows how opaque these investments are. We investigate and find out: a considerable part of these pension funds goes into climate-damaging projects, fuels real estate speculation or even finances the armaments industry.
The documentary searches for clues and accompanies people who want to find out whether they are involved in what they consider to be dirty business with their Riester or company pension: in lignite mining, in antisocial real estate purchases or in the armaments industry. Stefan Krostitz from Eutin finally wants to know exactly which investment funds are involved in his Riester contract. Britta Kox, whose house is threatened by lignite mining, wants to prevent her husband's company pension from flowing into coal companies. And Synke Köhler and Anne Möller from Berlin are threatened with moving out because their rental apartments are supposed to make the pension of Schleswig-Holstein dentists as profitable as possible. What unites them all is the idea of no longer leaving the business of private pension money to insurers and pension funds alone.