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...

Locked content OFE’s foreign stock purchases increase

Poland’s business entity that manages its pensions, the Open Retirement Fund (OFE), announced on Monday that it had sold PLN 382 million of its shares, while at the same time had purchased PLN 247 million in foreign shares, Haitong Bank had reported in a press release. The activity is part of the Mi...

Locked content Aegon will manage Nordea’s OFE fund

Aegon PTE, which manages Aegon OFE private pension fund , has signed an agreement, according to which it will manage the pension fund currently governed by Nordea, Aegon said in a press release. “I am very pleased with the agreement, which will allow us to take over the management of the Norde...

Locked content Poland wants to merge OFE funds into one

According to Polish daily Rzeczpospolita, the government of Poland is planning to  merge existing private pension funds OFE into one fund managed by a stated-owned company, a person with knowledge on the matter said. The source said the managing company would be state-controlled insurer PZU, while t...

Locked content OFE net assets value grew by 5.7% in March

The net assets of the Polish private pension fund (OFE) amounted to some PLN 143.5 billion, an increase of 5.7 percent month-on-month, according to a report issued by researcher Analizy Online. Profits increased the assets by over PLN 7.7 bln. The balance of premium inflows and pre-retirement outflo...

Locked content ZUS transfers PLN 211 mln to OFE funds

Poland’s Social Insurance Board (ZUS) has reported its transfer of PLN 211.03 million to the nation’s private pension funds (OFE) in the third weekly transfer in March. In total in 2016, OFE received PLN 710.08 million, including PLN 239.01 million in March, whereas an average premiums e...

OFE reform ruled constitutional

The Constitutional Tribunal ruled, after a two-day sitting, that the reform of private pension funds (OFE) conducted in December 2013 is constitutional, bar the ban on OFE advertising.

Locked content OFE net assets value fell 3.7% m/m

The net assets of the Polish private pension funds (OFEs) amounted to some PLN 153.72 billion at the end of June, a decrease of 3.7 percent month-on-month, according to a report issued by Analizy Online. The financial transfer from the Social Insurance Institution (ZUS) to the OFEs stood at PLN 137....