Austria’s Financial Market Authority published an update on Austrian Pensionskassen showing assets under management rose to a record EUR 28.7bn at year-end 2024, supported by contribution inflows and positive investment markets. Assets increased 2.1% from the end of the third quarter and 8.9% year-on-year. The second pillar covered almost 1.1 million beneficiaries, more than 23% of Austria’s employed population, up 3.1% year-on-year; 14% (151,777 people) were already receiving pension benefits. Investment performance was 7.8% in 2024 (6.4% in 2023; -9.7% in 2022), with the FMA noting that technical results and the volatility reserve also affect benefit calculations. Multi-employer pension companies managed 92% of assets and single-employer pension companies 8%. Holdings were largely indirect via investment funds (95%), with asset allocation broadly stable: 39% equities, 34% bonds, 6.5% cash, 5.8% real estate and around 12% other assets.
Austria Financial Market Authority 2025-03-04
Austria Financial Market Authority reports Austrian pension companies’ assets rose to a record EUR 28.7bn at end-2024
Austria's Financial Market Authority reported that Austrian Pensionskassen assets under management reached a record EUR 28.7 billion at the end of 2024, driven by contribution inflows and positive investment markets. The second pillar covered nearly 1.1 million beneficiaries, representing over 23% of Austria's employed population. Investment performance improved to 7.8% in 2024, with multi-employer pension companies managing 92% of assets.