Austria’s small pension market totals just over €27bn managed in Pensionskassen and just under €20bn in severance pay funds. The government of 2019 did put pensions on the agenda in its coalition agreement, promising a so-called general pension contract. Following elections in September 2024, there are few hopes that occupational pensions will move up the political agenda, however.
It took just over 100 days in office before Germany’s new coalition government announced a €500bn budget to first pillar pension financing, setting in motion an agreed reform process that would create a partially funded state pension system.
The new board will focus on client acquisition, building executive partnerships, talent strategy, strategic growth initiatives, and M&A
Other member states call for simplification and changes to tax treatment during debate on IORP II and PEPP revisions
Valida CEO flags Danish-style reforms as Austria seeks to strengthen second pillar pensions amid fiscal pressures
The outsized influence of the so-called Magnificent 7 has reinforced the case for broader equity diversification among Austrian pension funds
However, average returns came in at 4.88%, down from 7.77% in 2024
VBV has absorbed more than €1bn in assets and around 30,000 members from Austrian company pension funds over the past two decades
The number of European Long-Term Investment Funds and exchange-traded funds is expected to rise within German corporate pension schemes
Pension fund/entity | Assets (€’000)
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview

The new board will focus on client acquisition, building executive partnerships, talent strategy, strategic growth initiatives, and M&A
Other member states call for simplification and changes to tax treatment during debate on IORP II and PEPP revisions
Valida CEO flags Danish-style reforms as Austria seeks to strengthen second pillar pensions amid fiscal pressures
The outsized influence of the so-called Magnificent 7 has reinforced the case for broader equity diversification among Austrian pension funds
However, average returns came in at 4.88%, down from 7.77% in 2024
VBV has absorbed more than €1bn in assets and around 30,000 members from Austrian company pension funds over the past two decades
The number of European Long-Term Investment Funds and exchange-traded funds is expected to rise within German corporate pension schemes
APK Pensionskasse is targeting opportunities for above-average returns in private equity, while Bonus Pensionskasse looks to infrastructure equity
The consultancy has joined forces with Vienna-based SLG Treasury
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