Majority of pension funds failing to attract a sufficient number of clients

The majority of open pension funds presently operating in Poland have too few clients to survive as separate entities in the long term. Some pension funds have attracted less than 200,000 clients. Analysts in the insurance market assert that of the 21 funds, only three to five can boast of having a sufficient number of clients. Analysts predict that within a couple of years pension funds could consolidate into six or eight large entities. Smaller funds, for example, would then be able to transfer premiums and lists of clients to larger funds. (Rzeczpospolita, page B7) S.M.