OFEs transfer PLN 3.16 bln to ZUS after Q3

Private pension funds OFEs transferred PLN 3.16 billion to the social insurance board ZUS under the pre-retirement asset shift at end-Q3. In the same period, OFEs received PLN 2.52 billion in transfers from ZUS.

Locked content OFE with the average 3-year return rate at 19.1%

Private pension funds OFE achieved 19.1 percent weighted average rate of return in the three-year period ending September 29, 2017, financial market regulator KNF said. The best performer was MetLife OFE with 23.21 percent return rate, followed by OFE PZU Złota Jesień (21.77 percent), and PKO BP Ban...

Locked content OFE net assets value drops by 0.3% in September

The net assets of the Polish private pension fund (OFE) amounted to some PLN 181.07 billion in September, a 0.3 percent month-on-month increase, according to a report issued by researcher Analizy Online. “Lower sentiment on the domestic equity markets had to affect the funds results in September. St...

Locked content Morawiecki still hopes for OFE reform to be launched next years

Despite earlier media reports that due to disagreements between Deputy PM Mateusz Morawiecki and Labor Minister Elżbieta Rafalska, the OFE pension fund reform will be shelved. However, Morawiecki still claims that the overhaul should take place next year. “2018 is the year when we want to launch thi...

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.