The assets managed by Austrian Pensionskassen (pension companies) stood at € 24.3 billion at the end of the 4th Quarter of 2022, an increase of +0.05% or € 11.56 million compared to the previous quarter. Over the course of 2022 as a whole, the managed assets fell by -9.75% or € 2.63 billion compared with the 2021 year-end figures, especially as a result of the capital market turbulences as a consequence of the Russian military invasion of Ukraine. The number of beneficiaries (entitled and recipients) increased during the 4th quarter by +1.14% to just over 1,041,000; their number increased by approx. 26,500 (+2.61%) over the whole year. As a result, 23.41% of all non-self-employed in Austria have an entitlement to such a pension benefit. 13.14% of the beneficiaries (entitled and recipients) are already drawing a pension benefit from this form of company old-age provision. The investment performance calculated by the Oesterreichische Kontrollbank (OeKB) for the 4th quarter was +0.07%; with performance for the full year 2022 of -9.68%. On average for the last three, five and ten years, the performance stands at -0.12%, +1.08% and +3.08% respectively. The number of Pensionskassen (pension funds), remained unchanged for the fourth year in a row at eight; five of which offered their services for multiple employers, with the remaining three being single-employer Pensionskassen. These findings have emerged from the Report on the Austrian Pensionskassen for the 4th Quarter of 2022, which was published today by the Austrian Financial Market Authority (FMA).
96.38% of the assets of the Pensionskassen are held indirectly via investment funds. Broken down into investment classes, equities have the largest share of 36.82% of assets, followed by debt securities at 31.71%, while balances held at credit institutions stand at 8.74% and real estate at 7.11%. The remainder is in the form of loans and credits (2.5%) as well as other assets (13.12%). After having taken currency hedge transactions into account, around 29.15% of the assets were invested in foreign currencies.
The Quarterly Report can be found on the FMA website (in German only) at: https://www.fma.gv.at/pensionskassen/offenlegung/quartalsberichte/
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43 / (0) 1 / 24959-6006
+43 / (0) 676 / 88 249 516