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Company Pension Schemes Show Negative Performance
In 2011, Austrian company pension funds showed losses of 3.3%.
Company Pension Schemes Show Negative Performance / Picture: © Vindobona.org
According to OeKB, the average performance of company pension schemes was significantly negative. Losses reached 3.30%. All pension funds together showed an average performance of 2.96%. This is mainly due to the adverse development at stock markets. The last three years, the average performance was 3.03%. On average, the portfolio consisted of 41% shares.
At the end of 2011, 17…
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