NPF clients’ average returns on pension savings 5.2% in 2020
As a result of their activity in 2020, non-governmental pension funds (NPFs) credited the accounts of their insured persons with weighted average returns on pension savings in the amount of 5.2% p.a., which is above annual inflation (4.9%).
Annual return on investments of pension savings before the payment of remuneration to management companies, the specialised depository and the fund was 7.2%. Annual return on investments of pension reserves was 5.8%.
Investment results for both pension savings and pension reserves were worse than in 2019 due to the volatility of financial markets in 2020 amid the oandemic. However, over 90% of NPFs managed to beat inflation and one-year deposits.
More details about NPFs’ returns on investments are available in the analytical material Non-governmental Pension Funds’ Returns in 2020.