Austria’s small pension market totals just over €27bn managed in Pensionskassen and just under €20bn in severance pay funds. The government of 2019 did put pensions on the agenda in its coalition agreement, promising a so-called general pension contract. Following elections in September 2024, there are few hopes that occupational pensions will move up the political agenda, however.
It took just over 100 days in office before Germany’s new coalition government announced a €500bn budget to first pillar pension financing, setting in motion an agreed reform process that would create a partially funded state pension system.
Its regulatory resilience gives it a competitive edge in offering outsourced solutions to other institutional clients, says managing director Andreas Bertl
CPEG and PKG shift allocations to riskier assets
The firm has partnered with Universal Investment to launch an AIF tailored to the needs of German institutional investors
Corporate pension funds are lowering their exposures to equities, the dollar and US Treasuries, and hesitating to commit new capital to private markets in the US
Austria’s long-debated ‘Generalpensionskassenvertrag’ could finally be implemented this year
Pension fund/entity | Assets (€’000)
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Its regulatory resilience gives it a competitive edge in offering outsourced solutions to other institutional clients, says managing director Andreas Bertl
CPEG and PKG shift allocations to riskier assets
The firm has partnered with Universal Investment to launch an AIF tailored to the needs of German institutional investors
Corporate pension funds are lowering their exposures to equities, the dollar and US Treasuries, and hesitating to commit new capital to private markets in the US
Austria’s long-debated ‘Generalpensionskassenvertrag’ could finally be implemented this year
US trade and tariff policies are prompting corporate pension funds in Germany and wider DACH region to review strategic asset allocation assumptions
For years, the minimum rate for employer pension contributions was set at 2.70%, but now an increase by 0.15 percentage points is being negotiated
Despite poor returns and rising geopolitical tensions, pension funds are maintaining some level of exposure to emerging markets – and even anticipate that opportunities will emerge
Günther Schiendl, Chair and Chief Executive Officer, VBV Pensionskasse, in conversation with IPE Editorial Director Liam Kennedy.
Olaf Scholz, chancellor of Germany, is challenged over pensions in latest town hall