What does occupational pension in traditional insurance mean?

Employees who have an occupational pension have the right to choose how their money is managed. There are two ways of doing this: mutual fund insurance or traditional insurance. In the case of an occupational pension under traditional insurance, the pension company is responsible for managing the money. In many cases, the pensioner is offered a guarantee, which ensures that he or she will always get back part of the amount paid in.

A traditional occupational pension is therefore mainly suitable for those who do not feel they have the time or knowledge to manage it themselves. This form of management often offers greater security, as the value of the capital rarely changes significantly in either direction.