Latest news and analysis of pensions, asset management, regulation and trends in Austria from our award-winning journalists.
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.
Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022
In Q4 2023 alone assets under management increased by € 1.21bn, says Financial Market Authority
‘We have been ‘living’ sustainability for a while now but it is costing more and more money,’ says Bundespensionskasse board member
APK’s Pensionskasse and Vorsorgekasse post 7.9% returns, above the Austrian average of 6.42%
‘We want to break with the tradition of boiling all our different strategies and risk models down to one figure,’ says Günther Schiendl
The Austrian population will grow to reach 10 million in the 2060s, at the same time increasing pressure on the country’s pension system, says WKO
Pension fund/entity | Assets (€’000)
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The Austrian population will grow to reach 10 million in the 2060s, at the same time increasing pressure on the country’s pension system, says WKO
FMA’s report also showed that the pension schemes reduced their allocation to real estate
Assets managed by Austrian funds grew by 2.4%, or €4.9bn, year-to-date to €205.01bn, compared with €200bn recorded last year, according to FMA
Pension funds returned 1.88% in the first nine months of 2023, and -1.34% in the third quarter of the year
The scheme shifted to a more cautious investment strategy due to a persistently difficult and challenging market environment
The result of this year’s stress test is an improvement from last year’s test showing a 10% loss in asset value
Pension schemes will ‘continue to rely on their diversification strategies to achieve solid long-term results for their beneficiaries’, says association
The group’s Pensionskasse and Vorsorgekasse will also expand private markets investments
Going forward, the main priorities are infrastructure and the energy transition, says the firm
APK plans to further develop its sustainable investment approach in the fourth quarter of this year