The assets managed by Austrian Pensionskassen (pension companies) stood at € 26.38 billion at the end of the 4th Quarter of 2023, an increase of +8.34% or € 2.03 billion compared to year-end 2022. The loss in assets sustained in the previous year due the capital market turbulences as a consequence of Russia’s war of aggression against Ukraine were once again largely recouped. At year-end 2021, an all-time record value of € 26.98 billion was posted. During the 4th quarter of 2023 along, growth compared against the values for the 3rd quarter were € 1.21 billion or an increase of 4.79%. The number of beneficiaries (entitled and recipients) increased during the 4th quarter by +1.11% to almost 1,067,000; their number increased by approx. 25,000 (+2.40%) over the whole year. As a result, 23.20% of all non-self-employed in Austria have an entitlement to such a pension benefit. 13.58% 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 +4.45%; with performance for the full year 2023 of +6.41%. On average for the last three, five and ten years the performance stands at +1.14%, +3.43% and +3.20% respectively. In 2023, the number of Pensionskassen (pension funds), remained unchanged for the fifth 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 2023, which was published today by the Austrian Financial Market Authority (FMA).
95.71% of the assets of the Pensionskassen are held indirectly via investment funds. Broken down into investment classes, equities have the largest share of 38.76% of assets, followed by debt securities at 33.41%, while balances held at credit institutions stand at 7.13% and real estate at 6.50%. The remainder is in the form of loans and credits (2.84%) as well as other assets (11.35%). After having taken currency hedge transactions into account, around 30.71% 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
+43 / (0)1 / 24959-6006
+43 / (0)676 / 88 249 516