PL EN


2007 | 2 | 1 | 68-78
Article title

PROCESS OF SYSTEMIC CHANGES IN THE POLISH PENSION FUNDS MARKET

Authors
Content
Title variants
Languages of publication
EN
Abstracts
EN
The paper aimed at assessment of the implemented and proposed changes in the legal environment governing operation of the pension funds in Poland. That included the legislative process in which the legislator approved the solutions aiming at improvement of competitiveness, decrease of costs of the existing system and increase of profitability in the pension funds market. The presented changes (innovations) clearly privileged the position of members in open pension funds. They decreased the fund management fee depending on the volume of assets. The bonus account was established from which the best PTE's can obtain additional profits. The contribution fee was decreased and unified. The negative direct influence of the largest pension funds on the weighted average rate of return was decreased. Additionally, new concepts aiming at streamlining the pension system are developed. They include the e.g. expanding the funds investment opportunities (e.g. in real property) and decreasing the limitations concerning foreign investments.
Contributors
  • Adam Rudzewicz, Uniwersytet Warminsko-Mazurski w Olsztynie, Katedra Analizy Rynku i Marketingu, ul. Prawochenskiego 19, 10-720 Olsztyn, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
10PLAAAA07663
YADDA identifier
bwmeta1.element.59933831-55c7-3553-86c0-986896df5e72
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