OFE with the average 1-year return rate at 17.56%

Private pension funds OFE achieved 17.56 percent weighted average rate of return in the one-year period ending March 31, 2017, financial market regulator KNF said. The best performer was MetLife OFE with 19.51 percent return rate, followed by Pekao OFE (19.36 percent) and PKO BP Bankowy OFE (18.80 p...

Locked content OFE with the average 3-year return rate at 12.9%

Private pension funds OFE achieved 12.9 percent weighted average rate of return in the three-year period ending March 31, 2017, financial market regulator KNF said. The best performer was MetLife OFE with 17.37 percent return rate, followed by PKO BP Bankowy OFE (16.31 percent) and AXA OFE (14.57 pe...

Locked content OFE net assets value inch up in March

The net assets of the Polish private pension fund (OFE) amounted to some PLN 167.6 billion in March, an increase of 0.1 percent month-on-month, according to a report issued by researcher Analizy Online. Thanks to good results in the first two months of the year, for Q1, assets of all OFEs combined g...

Locked content Consultations on capital pension system reform will launch in Q2

Poland will send draft legislation on revamping of its capital pension savings system to consultations in Q2, the Social Dialogue Council wrote in a statement. “The complete set of bills implementing the changes, concerning both capital pension plans and changes to private pension funds OFE system, ...

Locked content ZUS transfers PLN 175.5 mln to OFEs this week

Poland’s Social Insurance Board (ZUS) transferred PLN 175.5 million to the open pension funds (OFE) In March transfers have so far amounted to PLN 296.6 million and in 2017 transfers have reached PLN 734.1 million. Last year, ZUS transferred PLN 2.88 billion to OFEs. Poland has been transferri...

Locked content OFE net assets value grew by 4.2% in February

The net assets of the Polish private pension fund (OFE) amounted to some PLN 167.5 billion in February, an increase of 4.2 percent month-on-month, according to a report issued by researcher Analizy Online. The 12-month results of all OFEs exceeded 20 percent. “The average result for February stood a...

Locked content OFE pension funds to be dissolved in 2018 – Morawiecki

Deputy PM Mateusz Morawiecki said that Poland will implement its planned restructuring of OFE pension funds in 2018, effectively dissolving them. Under the plan announced back in 2016 by the ruling Law and Justice (PiS) government, 25 percent of OFE assets will be transferred to the state-owned Demo...

Locked content ZUS transfers PLN 208.14 mln to OFE in January

Social Security fund ZUS announced Thursday that it has transferred PLN 137.92 million in cash to open pension funds (OFEs) in January. In total, ZUS transferred PLN 208.14 million to pension funds this month. Throughout 2016, ZUS transferred PLN 2.88 billion to OFEs. In 2015, the sum stood at PLN 2...