{"id":42596297,"date":"2026-07-27T09:59:26","date_gmt":"2026-07-27T07:59:26","guid":{"rendered":"https:\/\/www.fma.gv.at\/?p=42596297"},"modified":"2026-07-27T16:45:04","modified_gmt":"2026-07-27T14:45:04","slug":"fma-statistics-falling-trend-continues-in-2025-for-state-sponsored-retirement-provision-pzv","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/fma-statistics-falling-trend-continues-in-2025-for-state-sponsored-retirement-provision-pzv\/","title":{"rendered":"FMA Statistics: falling trend continues in 2025 for state-sponsored retirement provision (PZV)"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p class=\"wp-block-paragraph\">The Austrian Financial Market Authority (FMA) has published its latest study on the performance of state-sponsored retirement provision (PZV; pr&auml;mienbeg&uuml;nstigte Zukunftsvorsorge). It states that the long-term fall in the number of contracts also continued in 2025. At the same time the assets managed profited from the positive performance of the capital markets.<\/p><p class=\"wp-block-paragraph\">Only four insurance undertakings still offered new PZV contracts in 2025. As at year-end 2025, they managed around 729,000 contracts. This represents a decrease by 6.7% compared with the previous year. The amount of new business also decreased: there were 7,223 newly concluded contracts, 10.6% down from the previous year. The number of newly concluded contracts continues to be insufficient for making up for contracts that were expiring or which had been redeemed. The FMA continues to assume that the number of contracts will continue to fall in the future.<\/p><p class=\"wp-block-paragraph\">Despite the falling number of contracts and the lower inflow of premiums, managed assets nevertheless increased by 6.8% to &euro;9.27 bn. The positive capital market conditions were the reason for this. The volume-weighted overall performance of insurance undertakings stood at 13% before costs in 2025.<\/p><p class=\"wp-block-paragraph\">The full report can be downloaded (in German only) from the FMA website at <a href=\"https:\/\/www.fma.gv.at\/en\/publications\/study-praemienbeguenstige-zukunftsvorsge\/\">fma.gv.at\/publikationen\/studie-praemienbeguenstigte-zukunftsvorsorge\/<\/a>.<\/p><h2 class=\"wp-block-heading\">Journalists may address further enquiries to<\/h2><p class=\"wp-block-paragraph\">Boris Gr&ouml;ndahl (FMA Media Spokesperson)<\/p><p class=\"wp-block-paragraph\">Telephone: <a href=\"tel:00431249596010\" target=\"_blank\" rel=\"noopener\" class=\"external\">+43\/(1)249\/59-6010<\/a><\/p><p class=\"wp-block-paragraph\">Mobile: <a href=\"tel:004367688249995\" target=\"_blank\" rel=\"noopener\" class=\"external\">+43 676 8824 9995<\/a><\/p><p class=\"wp-block-paragraph\">E-Mail: <a href=\"mailto:boris.groendahl@fma.gv.at\" target=\"_blank\" rel=\"noreferrer noopener\">boris.groendahl@fma.gv.at<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Number of contracts falls again in 2025, but assets managed increase<\/p>\n","protected":false},"author":20,"featured_media":40115857,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[80],"tags":[],"class_list":["post-42596297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - 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