KNF the number of pension accounts on the rise

According to data released by the financial market regulator KNF, the number of Individual Pension Accounts (IKE) at end-2016 stood at 902,6k (up from 855,2k in 2015), while the value of funds allocated there increased by 17.9 percent y/y to PLN 6.7 billion. The number of Individual Retirement Insurance Account (IKZE) stood at 643,1k (597,3k in 2015) and their value increased by 74 percent to PLN 1.1 billion. The average amount of remittance stood at PLN 3,700 for IKE and PLN 2,700 for IKZE, in both case the figures increased by PLN 200 compared to 2015.