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. 

 

 

 

Get daily Slovak news directly to your inbox

Top stories

News digest: Nationwide testing gained contours

The Defence Ministry reveals details on upcoming testing, removal of the STU rector was far from normal. Take a look at our latest news digest.

President Zuzana Čaputová meeting with scientists and experts on epidemiology, infectology and medicine.

Senate voted STU rector down. Police called to the uni as well

The session of the Academic Senate proposed that Rector Fikar be dismissed.

Miroslav Fikar

Dozens of people die of COVID every day. A drop not expected for at least two weeks

People who would otherwise survive may die of other serious diagnoses due to the epidemic.

Illustrative stock photo

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.