A molding composition is suitable for the production of pipes having improved resistance to thermooxidative degradation when these pipes are in long-term contact with liquids comprising disinfectants having an oxidizing effect. Such molding composition comprises, in addition to thermoplastic polyolefins, a polyoxy compound and/or a polyhydroxy compound as additive in an amount of from 0.01 to 1.0% by weight. In addition, the molding composition can further comprise an unsaturated aliphatic hydrocarbon in an amount of up to 5% by weight. The invention also relates to a process for improving the long-term resistance of water pipes to damage caused by oxidizing disinfectants from the water by use of this molding composition.