Financial Market Authority’s quarterly report shows that the eight providers’ assets under management have grown by 2%: – exceeding € 28 billion for the first time.
The assets under management of Austrian Pensionskassen (PKs; pension companies) stood at € 28.14 billion at the end of the 3rd quarter of 2024, and therefore increased by +1.96% since the end of the preceding quarter. During the 3rd quarter, investment performance stood at 1.87% according to the calculations performed by the Österreichische Kontrollbank, with performance reaching 5.92% in the first nine months of the year. The annual average over the past 10 years stood at 3.17% on average. These findings have emerged from the Report on the Austrian Pensionskassen for the 3rd Quarter of 2024, which was published today by the Austrian Financial Market Authority (FMA).
In Austria there are eight pension companies, of which five are multi-employer ones and three are single-employer ones. The number of beneficiaries (entitled and recipients) has increased by 5,775 persons or 0.5% to 1,087,289 who were managed in the pension company system at the end of September. This figure corresponds to nearly one quarter (23%) of all non-self-employed in Austria.
Approximately 96% of the assets of the Pensionskassen are held indirectly via investment funds. The largest investment classes are equities at around 39%; around 35% are invested in bonds; around 12% in other assets and 5.8% in real estate.
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]