Value of assets in private pension pillar drops

ASSETS in the second pension pillar fell to  €6.62 billion by March 27, a drop of €10.5 million euros over the previous week, the SITA newswire reported on March 31.  

(Source: Sme)

In equity funds the pension fund management companies (DSS) registered €647.2 million of assets, a weekly decrease of €8.1 million. In mixed funds there were almost €70.5 million, a weekly drop of €0.34 million. In bond funds on March 27 the net value of assets went down by €2.87 million to over €5.76 billion. In index funds DSS managed nearly €139.1 million, whereby the value of assets in these funds soared by €0.8 million, according to the Association of Pension Fund Management Companies.

In equity funds the current value of a pension unit on March 27 dwindled in weekly terms by 0.73 percent to 2.07 percent. The value of a pension unit in these funds ranged from €0.041809 to €0.047706. The value of a pension fund in mixed units in the same period dropped by 0.37 percent to 0.97 percent. In these funds, the value of a pension unit ranged from €0.042465 to €0.047448.

In bond funds, the value of a pension unit changed from negative 0.09 percent to positive 0.01 percent. The value of units in these funds ranged from €0.041594 to €0.045006. Index funds recorded an fall in the value of a pension unit by 1.17 percent to 2.45 percent. Pension units in these funds ranged from €0.050189 to €0.054076.

Starting March 15, those who have a diverted part of their savings into the private pension funds have a three month window to pull their money out and reallocate it back into the public pension system. 

 

 

 

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Who will go to Court? Why the upcoming vote matters

The wrong people sitting in the Constitutional Court may dismantle rule of law step by step.

Deputy parliamentary speaker sent selfies to Alena Zs.

Yet another influential Smer politician, Martin Glváč, faces accusations of talking to Kočner's collaborator.

Igor Matovič of OĽaNO holds a picture of Martin Glváč (Smer).

Coalition demands the right of reply for politicians

Politicians ponder new provisions for the Press Code, Speaker of Parliament Danko wants to defend himself against op-eds too.

The ruling coalition (L-R: SNS-Andrej Danko, Smer-Robert Fico. Most-Híd-Béla Bugár).