The Austrian Financial Market Authority reported continued second quarter growth in occupational pension assets, driven by inflows and positive market performance, as the National Council considers a government proposal to expand access to pension funds from 2028. Pension fund assets rose 5.9% to EUR 31.9 billion, while employee provision fund assets increased 5.7% to EUR 25.2 billion as of June 30. The proposal would allow employees to transfer accrued severance entitlements into a pension fund free of charge, potentially extending access to the 75% of employees whose employers do not provide a pension fund arrangement. Employees could instead place mandatory employee provision fund contributions in a more dynamic investment pool, but this option would remove the existing capital guarantee and access to early payouts upon termination. The amendment would also give the authority new supervisory powers over consumer information and providers’ administrative costs.
2026-09-23Austria Financial Market Authority
Austrian Financial Market Authority reports pension asset growth and outlines proposed 2028 access reform
The Austrian Financial Market Authority reported that pension fund assets rose 5.9% to EUR 31.9 billion and employee provision fund assets increased 5.7% to EUR 25.2 billion in the second quarter. A proposal before the National Council would expand pension fund access from 2028 and create a more dynamic investment option without the existing capital guarantee or early termination payouts.