Inflows of contributions and the financial markets’ good performance allowed the assets under management of the Austrian Pensionskassen (pension companies) to increase to a record level, or € 28.7 billion at year-end 2024: an increase of 2.1% since the end of the third year, and up 8.9% over year-end 2023. Almost 1.1 million people are beneficiaries (entitled or recipient) in the second pillar of the Austrian pension system, or over 23% of Austria’s employed population, a 3.1% increase year-on-year. Of them 14% or 151,777 already receive pension benefits.
Following the impact of the global turn-around in interest rates and the war in Ukraine in 2022, which negatively affected the markets, and led to a negative investment performance, in 2024, positive performance of 7.8% was posted, (c.f. +6.4% in 2023 and -9.7% in 2022). It should be noted that other factors, such as the technical result and the level of the volatility reserve, are also relevant when calculating pension benefits.
The five multi-employer pension companies manage the major share (92%) of assets, while the three single employer pension companies manage approximately 8%. Regarding the breakdown of asset classes held largely (95%) indirectly via investment funds, there was little change over the course of the year; the pension companies hold 39% of their assets in shares, 34% in bonds, with 6.5% of funds held in cash, and 5.8% being invested in immovable property. Around 12% are held in other assets.
The full quarterly report can be found (in German only) on the FMA website at: https://www.fma.gv.at/pensionskassen/offenlegung/quartalsberichte
Journalists may address further enquiries to:
Boris Gröndahl (FMA Media Spokesperson)
Telephone: +43 (1) 249 59-6010
Mobile: +43 676 8824 9995
E-Mail: [email protected]