By IPE
Publication Date: 2025-12-03 00:00:00
VBV, Austria’s largest multi-employer Pensionskasse, has widened its lead in the market after securing one of the country’s last remaining standalone corporate pension funds.
IBM Austria has become the latest employer to shift its pension fund into the multi-employer system. VBV, which manages about €9.5bn, won the public tender to take on the pension assets of IBM’s Austrian workforce.
According to Austria’s Financial Market Authority, the IBM Pensionskasse held €556m in assets and had more than 1,700 members in 2024, most of them already retired.
VBV chief executive officer Günther Schiendl confirmed to IPE that the fund will “surpass the €10bn mark” once the IBM assets are integrated.
“Winning this bid confirms our successful acquisition of new business over the years,” Schiendl said.
VBV has absorbed more than €1bn in assets and around 30,000 members from Austrian company pension funds over the past two decades.
“Serving multinational corporations is…
