Locked content OFE reform to be put on hold – media

According to Dziennik Gazeta Prawna daily, works on the OFE pension funds reform have been suspended as Deputy PM Mateusz Morawiecki and Labor Minister Elżbieta Rafalska, couldn’t come to an agreement regarding its details. Morawiecki wanted to move 25 percent of OFE assets to the state-owned Demogr...

Locked content OFE reform still at standstill

According to Deputy PM Mateusz Morawiecki, the planned OFE reform is not moving ahead as various ministries can’t reach an agreement regarding its details. “We are conducting talks with Family, Social and Labor Policy Minister Elżbieta Rafalska. There is no change to our plan, but there is also no f...

OFE to transfer PLN 7.74 bln to ZUS in 2018

Private pension funds OFE will transfer PLN 7.74 billion to the Social Security fund ZUS under the pre-retirement asset shift next year and will receive PLN 3.27 billion in transfers from ZUS, according to ZUS financial plan for next year.

Locked content OFE reform postponed to mid-2018

According to the government officials, the planned OFE reform could be implemented next July, instead of January 1, 2018, as it was planned. “It is a very complex reform which requires inter-ministerial agreements and also social insurance board ZUS needs to prepare for it,” Deputy PM Mateusz Morawi...

OFE net assets value inches up in June

The net assets of the Polish private pension fund (OFE) amounted to some PLN 142.71 billion in June, a 1.2 percent month-on-month increase, according to a report issued by researcher Analizy Online. “The result for June was driven mostly by good results of the Warsaw bourse. Since the beginning of t...

OFEs transfer PLN 1 bln to ZUS in Q1

Private pension funds OFEs transferred PLN 1 billion to the social insurance board ZUS under the pre-retirement asset shift in Q1. In the same period, OFEs received PLN 836.5 million in transfers from ZUS.

Locked content OFE net assets value drops in May

The net assets of the Polish private pension fund (OFE) amounted to some PLN 172.6 billion in May, a 1.7 percent month-on-month decrease, according to a report issued by researcher Analizy Online. “May was the worst month of the year so far for the Warsaw Stock Exchange, despite most global indices ...

Morawiecki: OFE reform to be passed by the end of the year

Poland’s cabinet plans to adopt by end-2017 a new reform that would effectively dissolve the open pension funds (OFEs). “We expect no major changes from the point of view of the capital market,” Deputy PM Mateusz Morawiecki said. The reform should largely meet the outline presented back in July 2016...

Locked content OFEs increase Polish equity allocation to record-high levels

Polish pension funds (OFEs) increased their Polish equity allocation to a 113 basis points m/m increase, putting it at 79.7 percent, the highest level since May 2015, Financial Market Authority (KNF) data showed. Its value increased by 6.2 percent to PLN 139.34 billion, slightly below the WIG 6.4 pe...

Locked content Polish investment funds assets grow to PLN 275.7 bln in April

Net assets under management (AuM) of Polish investment funds inched up by 0.9 percent (PLN 2.5 billion) to PLN 275.7 billion in April, a report by researcher Analizy Online and asset management lobby IZFiA showed. In the same period, net inflows stood at PLN 0.6 billion. Since January 1, 2017, the A...