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Pension Finance and Personal Pension Planning: An Introduction


About this course

This course is part of a project funded by the European Union on "Pensions in Europe". Researchers at the University of Liechtenstein, in collaboration with the Free University of Bolzano and the Danish company Keylane A / S (formerly Schantz A / S), are developing two online courses aimed at bringing the subject of retirement provision and personal pension planning closer to the people of Europe. Especially the first course is intended for the general public and does not require any basic knowledge. The topics of old-age provision, pension systems and pension planning are being successively developed here by simple means. The learning materials in this course consist of short videos, texts, and 13 small apps designed to help understand the implications of more complex topics such as interest rates, interest rate changes, inflation, and more. In between, there are smaller comprehension questions that should help to document one's own learning progress. Each participant can personalize their learning progress and jump back (if necessary) at any time to work through crucial parts again.


This course does not require any previous knowledge.

Course Staff

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Michael Hanke

Prof. Dr. Michael Hanke is responsible for the content of the course. He is the voice and driving force behind the videos, their content and their apps.
Professor Hanke Head of the Chair in Finance at the University of Liechtenstein and Chairman of the Investment Committee of the "Liechtenstein Pension Fund Foundation". He obtained his doctorate and habilitation from the Vienna University of Economics and Business and is a certified Financial Risk Manager (FRM). In addition to regular teaching in subjects such as "Financial Derivatives", "Risk Management" and "Pension Finance", he conducts research in the fields of pension finance, quantitative finance, stochastic optimization and scenario generation.

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Sebastian Stöckl

Assistent Professor Dr. Sebastian Stöckl is responsible for the creation of the online courses, the video editing and supports Prof. Hanke content, especially in the implementation of the apps.
Sebastian Stöckl holds a PhD in Financial Economics from the University of Innsbruck, as well as diplomas in technical mathematics and business administration, and is a certified Financial Risk Manager (FRM). His research areas are forecasting, asset pricing and risk management.

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Alex Weissensteiner

Prof. Dr. Alex Weissensteiner is partly responsible for the content and didactic concepts of this online course and the apps. Prof. Weissensteiner regularly teaches subjects such as risk management and asset management and conducts research in the areas of life-cycle-oriented financial and long-term investment planning as well as in stochastic optimization and scenario generation.

Frequently asked questions

Do I need any additional documents?

No, all necessary documents are already part of the course and are freely available.

Does this course cost anything?

No, the development of this course has been funded by the European Union and is available free of charge to all interested parties.

I have finished the course. Where can I find additional information?

In the last part of the course you will find relevant information. If you are very interested in the content, then we recommend our second online course, which is mainly aimed at students in the "Pension Finance" field.

Where can I find information about the previously mentioned European Project?

All project details as well as information about involved persons, universities and companies can be found on our project homepage:

Is the course also available in german?

Yes, a german version of this course can be found in the same portal.