Locked content KNF: OFE assets reach PLN 179.5 bln at end-17

Net assets under management of open pension funds (OFE) totaled PLN 179.53 billion at the end of 2017 compared with PLN 153.43 billion a year earlier, the Financial Supervision Authority KNF reported. The three biggest funds in terms of net assets (out of 11 currently operating) are: Nationale-Neder...

Locked content OFE net assets soar in December. Best year in history

The net assets of the Polish private pension fund (OFE) amounted to some PLN 179.5 billion in September, an impressive 17 percent y/y increase, according to a report issued by researcher Analizy Online. “This is the result of the positive sentiment on the domestic equity markets which increased OFE ...

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...