Sinnova Group hands over its fair-finance pension fund and focuses more on meaningful and sustainable asset management
On September 30, the Sinnova Group and BONUS Pensionskassen AG signed a purchase agreement to transfer all shares in the fair-finance pension fund. The fair-finance pension fund is to be integrated into the BONUS pension fund in the future. The BONUS pension fund is part of the BONUS Group, a specialist in retirement provision. Generali Versicherung AG and Zürich Versicherungs-Aktiengesellschaft each own 50 percent of BONUS.
The acquisition is still subject to the necessary official approvals. The previous owner of the fair-finance pension fund, the Sinnova Group, and the private shareholders behind it around the company founder Markus Zeilinger, will in future increasingly engage as a meaningful and impact-oriented investment boutique and open up their funds and alternative investment offers to broader investor groups.
New chapter in the success story of fair-finance
Markus Zeilinger, founder of the fair-finance pension fund and CEO of Sinnova Holding AG: “fair-finance is a twofold success story: We have been able to significantly increase the assets managed by our pension fund to over one billion euros and have changed the entire industry in terms of customer orientation and sustainability since our founding. With the fair-finance funds for the various asset classes, we have made it clear, in line with our vision, what a meaningful and effective investment strategy can look like. After handing over the pension fund, we will continue on this successful path as the Sinnova Group and will also open up our attractive investment offer to other investors. The pension fund’s customers also benefit from a strong ownership structure and the professionalism and service quality of a larger unit. The focus on sustainable, meaningful investments gives us greater scope for action in the various asset classes. This enables Sinnova to increase its impact and continue the group’s success.”
fair-finance performance promise remains
With the takeover, the two pension funds combine their core competencies: security through strong owners, best-in-class service quality and lived sustainability. This creates an offer that is unique in this form on the pension fund market in Austria.
The larger framework and strong ownership structure offer customers of the fair-finance pension fund even more security. At the same time, the familiar features and advantages remain and the previous central fair-finance service promises of profitable, effective and sustainable investments are also retained and continued.
With the takeover of fair-finance, BONUS climbs to the top 3 position among the pension funds in Austria. It increases its market share to around 14% and thus strengthens its position on the Austrian market. The customer assets managed by the two pension funds total over 2.7 billion euros.
Source