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.

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.

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.

Theme: Economics


Top stories

Six people involved in the surveillance of journalists, Kočner paid thousands

People who followed journalists for Kočner are trying to rid themselves of guilt.

Peter Tóth

Is the state aware of the Orwellian dimensions of the surveillance of journalists?

Our paranoias have come to life. Surveillance of journalists is unacceptable in a democracy.

Murdered journalist Ján Kuciak was surveiled, too.

Reinventing the wheel

Bratislava’s current bike sharing scheme is something of a curate’s egg: good in parts.

Yellow bikes are popular in Bratislava

Trump will meet Pellegrini at the White House

The two politicians will discuss defence and economic cooperation this May.

The White House