Second pension pillar made nice profits ultimately

The earnings of clients of the second, private pension pillar seemed to be endangered last year; but the final balance of 2016 was mostly positive.

A booklet promoting the second pension pillar, illustrative stock photo. A booklet promoting the second pension pillar, illustrative stock photo. (Source: Sme)

The originally bad outlook, caused mostly by events like bad economic situations in China, Brexit or Donald Trump’s victory in the US presidential race which caused shocks to the stock markets, has been reversed.

SkryťRemove ad
Article continues after video advertisement
SkryťRemove ad
Article continues after video advertisement

Despite these factors, the year 2016 was very good for future pensioners who save their money in private funds, the Sme daily wrote on January 7. The deposits of those who save their money in more risky, i.e. index and share, funds could increase by more than 10 percent. The share fund of Allianz DSS earned the most – 12.28 percent.

However, the value of money in safe, i.e. bond funds did not increase by more than 4 percent. The worst earner among funds was the NN bond fund which made a profit of only 1.1 percent.

The good news is, though, that all funds in private saving ended in black digits. The bad news is that most Slovaks have invested their money in the most conservative – and least earning – bond funds, according to Sme.

Top stories

Silvia Solymosy and Jozef Solymosy pose for photographers with their medals at the end of the mixed duet technical final at the European swimming championships in Rome on August 15, 2022.

Slovak artistic swimmers win historic medals at European championships

The Solymosy siblings have won two bronze medals in Rome.


15. aug

Village burnt down but thanks to contest it is one of Slovak symbols now

Ease your hiking muscles in a spa after a two-hour hike with incredible views and a walk through time.


27. jul
The occupancy of Covid beds will be one of the main factors for the classification of districts.

Autumn Covid-19 wave expected to be milder

New vaccines will arrive in September.


15. aug
SkryťClose ad