Locked content Insurers want PPK assets exempt from bank tax

Insurers lobby Polska Izba Ubezpieczycieli PIU wants assets of employer-sponsored pension plans PPK managed by insurers to be exempt from the so-called bank tax. The Finance Ministry is currently analyzing the issue but is “reluctant” to make any exemptions. “This is a fundamental problem because we...

Locked content State to receive part of the PPK funds in case of divorce

In the case of divorce, some of the money accumulated in the employer-sponsored pension schemes PPK will be taken over by the State Treasury, the ministry of finance informed. This applies to a spouse who is not a member of the PPK, but because of a divorce is entitled to the payment of part of̷...

Locked content NN Investment Partners TFI eyes 8% share in PPK market

Fund manager NN Investment Partners TFI hopes to reach 8 percent share in the market of employer-sponsored pension schemes PPK and expects it to bring profits within 4-6 years from its launch, the TFI CEO Małgorzata Barska said. “We assume inflows to such products to reach PLN 15-20 billion annually...

Locked content Poland announces details of the employer-sponsored pension plans

The government announced the details of its planned employer-sponsored pension plans PPK. Depending on the scenario it hopes to boost the capital market with PLN 15-32 billion per year by 2021. The baseline scenario assumes that employers and employees contribute the minimum combined 3.5 percent of ...

Locked content Consultations on employer-sponsored PPK pension plans soon

Poland is finishing works on the draft bill on the employer-sponsored pension plans PPK and will launch consultations on it soon, the Ministry of Finance said. The new program seeks to have firms and employees put a total of 3.5 percent of gross wages into privately managed Employee Pension Plans (P...

Locked content New pension programs to boost GDP growth by 0.3-0.4% – PFR head

Poland hopes to put PLN 15-20 billion a year into capital markets as a result of its new employer-sponsored pension program, according to the CEO of state investment vehicle PFR Paweł Borys. “They will strengthen the financial base of the corporate sector and bring an increase in the long-term econo...

Locked content Poland to introduce new employee pension programs

Starting from 2019 at the latest, Poland will introduce a new employer-sponsored pension program PPK. “We want to create a system where workers, employers and the state would contribute to the 3rd pillar of the capital system. We are determined to be in place by 2019 at the latest. Even with conserv...