Locked content Pension funds buy shares for PLN 600 mln in July

Pension funds bought Polish shares for about PLN 600 million in July, according to estimations by brokerage Trigon. MetLife and NN OFE spent the most (PLN 260-280 million each), while Aegon OFE  was the only significant seller (PLN -57 million). Trigon DM added that the attitude towards foreign shar...

Locked content Pension funds buy PLN 261 mln worth of stocks in February

Pension funds purchased stocks for PLN 261 million, according to estimations by brokerage Trigon. “We estimate that February was another month of purchases, with net worth of some PLN 261 million. The demand was equally distributed between Polish and foreign stocks, with PLN 127 million and PL...

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 PTE PZU acquires Nordea DFE

Polish financial watchdog KNF has approved the acquisition of management pension fund Nordea DFE by its state-controlled competitor PTE PZU, part of Grupa PZU, the office reported. PTE PZU will officially take control over Nordea DFE on January 7. Regarding the acquisition, PTE PZU will launch a spe...

Locked content Newly employed don’t choose private pension funds

Only about 10 percent of newly employed persons now decide to have part of the pension contribution sent to a chosen private pension fund (OFE), according to data quoted by daily Parkiet. In March, this year it was only true for 4,377 out of 43,703 people who took up employment for the first time. T...

Locked content OFEs popular despite obstacles

Some 2.53 billion of Poles chose to remain with remain private pension funds (OFEs), the Social Insurance Institution (ZUS) announced on Wednesday. Although the OFE option was not advertised and required signing a special document (whereas the ZUS option did not), the number of people remaining with...

Locked content S. Korean pension fund to invest $800 mln in Poland

South Korea’s National Pension Service (NPS) will invest about $800 million in Poland. According to a Reuters press release, the Asian country’s pension fund will invest in real estate assets in Poland, including shopping malls and a power transmission tower. The contract is yet to be fi...