ÖVP wants to further improve pension provision

Premiere for the Vienna Insurance Group (VIG): For the first time, she was able to win the most important category at the “Vienna Stock Exchange Prize” award ceremony. The insurance company came out ahead of voestalpine and Strabag in the race for the ATX prize. The award takes into account the share price performance in 2025 and recognizes VIG’s capital market commitment. The share price rose by more than 120 percent to a record level last year.

At the event on Thursday evening in the Lower Austria Palace, the State Secretary for Finance referred Barbara Eibinger-Miedl (ÖVP) on the potential of the stock market and announced that they wanted to continue to accelerate when it came to retirement provision. As is well known, all employees should be able to pay into a pension fund, not just the 25 percent whose companies already make voluntary payments.

“Even if the Finance Minister is quite critical of it, further steps will follow,” emphasized the Chancellor Christian Stocker. “My job within the government is also to convey the importance of private provision.”

He spoke of the “paradoxical situation” that there is a lot of money in savings accounts; This brings a certain stability to the investment, he said ironically regarding the low interest rate, but he would like more people to be able to benefit from the ATX, which is currently trading just below its record level. With more financial education and more understanding of the capital market, good opportunities would arise.

19th award ceremony

The Vienna Stock Exchange Prize was awarded for the 19th time. Twelve top Austrian companies were awarded a total of 13 prizes in five categories. The Mid-Cap Prize category was won by Frequentis, the Corporate Bond Prize went to OMV, and the Media Relations Prize went to Erste Group.

By Editor

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