Steering solvency

Regulator Q&A

Life & Pensions: How is the Austrian pensions sector related to life insurance? Harald Gossl, head of actuarial issues and models at the FMA: We have a system of pension institutions - the so-called 'Pensionskassen' - which is not really comparable to pension funds in the UK or in the Netherlands. We have about 500,000 members and 40,000 beneficiaries covered by the system. The system provides very little - no more than 10% - of the old-age income of Austrian society. Two years ago, I would have...

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