Penzijn spoen celebrated a quarter of a century of operation on the Czech market. The jubilee was accompanied not only by a rising number of participants, but also by the excellent results of the funds. Last year, investors dynamically appreciated the investor’s deposits by an average of 18.9 percent, with an increase of over 10 percent. On the other hand, the transformed funds of the old pension connected with the state pipers only about 1 percent.

At the end of 2019, a total of 4,441,429 employees joined the tetho saw fund in some of them. More than 3.3 million of them are jointly connected in transformed pension funds, which cannot be entered.

The number of participants in supplementary pension funds (contracts concluded after 1 January 2013) increased by 172,452 last year, which represents a year-on-year increase of 18 percent. In total, 1,139,434 people value their resources in the new pension.

In the transformed funds last year, pension companies managed funds in the amount of 427.017 billion crowns (ie 88 percent). Their total cumulated economic result as of 31 December 2019 reached 5.288 billion crowns.

On the other hand, the supplementary pension savings funds’ funds generated a profit of 3.275 billion crowns last year with a total volume of 60 billion crowns. In other words, although the supplementary pension fund’s share funds allegedly drank only 26 percent of the shareholders and 12 percent of the funds, they generated 38 percent of the profits for the entire sector last year, describes Ale Poklop, president of the Association of Pension Companies R.

Vsledky astnickch fond DPS vroce 2019
Pension companyastnick fondRated in%
Alliance PSPKF2,24
Vyven F9,95
Dynamick F15,77
AXA PSPKF1,20
Bonds F1,38
Vyven F11,17
CONSEQ PSPKF1,47
Bonds F4,84
Globln shares F18,96
S PSPKF2,59
Vyven F10,42
Dynamick F18,75
Etick F6,15
UNDER PSPKF2,15
Vyven F12,96
Dynamick F25,31
Guaranteed F1,72
NN PSPKF1,26
Rstov F17,58
Spoic F9,12
KB PSPKF1,49
Vyven F10,08
Dynamick F16,42
Spoic2,54
PS PPKF1,44
Spoic3,45
Vyven F10,5
Dynamick F17,91
Source: Association of Pension Companies R

Nejvce was given an action

The most deposits were valued by dynamic funds that invest in the stock, by an average of 18.9 percent. Equipped by funds, they combine investment in stocks and bonds, with an average of 10.7 percent, mandatory conservative funds 2.1 percent. They invest primarily in domestic mortgage bonds and short-term money market instruments.

Last year, the investor valued the pension dynamic fund SOB Penzijn by the best, by 25 percent, and by more than 40 percent in total for the entire period of existence of the employee funds (since 2013).

Overall, the celebrity of the largest funds of Conseq pension companies celebrated. Its dynamic fund appreciated by 17.55 percent for the last year, and by a total of 69.37 percent since its inception.

The explanation of these exceptionally high returns of dynamic funds for the past year is simply a favorable year-on-year comparison. The last quarter of 2018 sent the stock markets into a strong dispute, which dreamed of the start of the stock for 2019, explains Milan Tomek, investment and pension manager of NN Penzijn company. This decline was only a short term.

Mandatory conservative funds do not keep inflation

Only the results of mandatory conservative funds lag behind. For example, at S Penzijn společnost, the investor appreciated the funds last year by 2.59 percent (from 4.45 percent since 2013), at Allianz penzijn the company achieved a return of 2.24 percent (from 4.89 percent since founding).

Compared to previous years, the bag is also a shower. The appreciation of 2019 was positively affected both by the year-on-year rates by the NB, thanks to which the fund generated yields on short-term deposits, and the overall decline in market yields, ie rising prices of Czech government bonds, explains Vclav Blek of the Allianz Pension Company.

Transformed funds stand at the ground

Going above the results, not mandatory conservative participant funds of the new supplementary pension fund had transformed the funds of the old supplementary pension fund. For these, the so-called undeniable zero guarantee is valid. This means that the transformed funds must report a profit, or at least zero, on the balance sheet. However, this final guarantee binds them so much that they invest very conservatively, especially in relatively safe bonds.

Pension connection – valued in%
Pension company20152016201720182019
Conseq PS0,40,470,160,581,52
Alliance PS1,381,030,410,680,94
AXA PS1,11,0250,760,921,25
UNDER PS1,20,70,630,760,99
PS esk pojiovny (v. Generali PS)1,40,940,841,11,73
NN PS0,880,660,690,610,96
esk spoitelna – PS0,850,680,510,511,64
Komern Bank PS0,850,680,510,510,6
Source: Association of Pension Companies R

The load capacity usually does not exceed 2 percent. And that salary for a long time. For the notion, cumulative inflation for 2013 and 2019 was 10.6 percent. However, the transformed funds appreciated by only about 8 percent over the same period.

Se starm penzijkem si v penzi moc nepilepte

Not only do they not earn pensions in them, but they do not even get their money. The old pension connection thus basically only works as a system of saving pensions, last year was no exception and the same scene will probably take place this year as well, states Poklop.

Although these contributions will be paid according to the size of the contribution. Even so, at the end of the day, people have no statistics on their pensions. When you spend it on years and you will spend your average in retirement, you can stick to hundreds of crowns to the next pension.

The participants of the supplementary pension savings will do better, ie determine those who choose a well-developed or dynamic investment strategy. In the period of 2013 and 2019, the mutual funds accounted for an average of 20.2 percent and dynamically even 36.2 percent.

When to go from old pension to new one

Even just seven years of existence of mutual funds shows quite clearly that even when the weak and strong years become, in the long run, the dynamically investment pays off.

It is clear, first of all, for all those who have to retire for ten or more years to think about whether the guarantee of the guarantee at the end of each year is really so essential for them, or whether they are willing to accept the natural fluctuations of the market and follow them for them. naspoen stka at the end of the spoen, to Hatch.

Who would prefer the amount when retiring, I can very easily switch from the old system to the new one. And you can also walk between individual pension companies.

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