Dismal second pension pillar

The second pension pillar brought negative yields to most of its clients last year. Analysts have been criticizing its disastrous set-up for years and the coalition is preparing a change. If the Robert Fico government had not moved all clients to guaranteed funds in 2013, Slovaks could have had €18bn in the second pillar instead of the current €12bn. Index funds, which 18% of clients favor, brought yields of 24-28% p.a. last year. More expensive actively managed equity funds earned less (11-22%) and one of them, 365.life, even lost 9% (+14% in 2020). Fully 55% of clients have savings in bond funds that reported losses between 0.1% and 3.9% last year.


(dennikN.sk)

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.