Pension fund experts expect only 10 funds to stay in market

"There will be some 3-4 large funds - controlling 80% of the market, a similar number of small funds plus two specialist funds," said Michal Szczurek, vice-president of the Nationale-Nederlanden pension fund. By large funds he means those with about 800,000 customers. Miroslaw Kowalski, from the Norwich Union fund, thinks the number of funds will drop to as few as 6-8. Finance Ministry adviser Ryszard Petru said that in 2005 there will be 8-12 funds managing total assets of zl. 54 billion. In related news, pension fund Commercial Union PTE BPH CU WBK announced that it has already signed 750,000 customers, giving it a market share of about 30%. (Prawo i Gospodarka, page 7)