Financial and business news from Bulgaria

“Heat” again with highest yield among universal pension funds

On 16 July 2020, the Financial Supervision Commission set the minimum yield for compulsory pension funds for the period from 29 June 2018 to 30 June 2020.
The minimum yield for universal pension funds for the period from 29 June 2018 to 30 June 2020 is -2.57% and the minimum for occupational pension funds is -2.50%. This is clear from a decision of the Financial Supervision Commission of 16 July.

Five companies have positive yields for the specified period and four have negative. Heat is ending the highest-scoring period among universal pension funds. From 29 June 2018 to 30 June 2020, the Pension Fund achieved a yield of 2.32%.

The remaining positive yield companies are PPF Consent (2.00%), CCB-force (1.64%), UPF DSK-Rodina (0.77%) and UPF-Future (0.69%). The four companies registering negative yields for this period are UPF Doverie (-0.09%), En UPF (-0.35%), ZUPF Allianz Bulgaria (0.58%) and UPF PCI (-1.18%).

In the case of professional funds, four companies have a positive yield and five have a negative yield. For the 24-month period with positive are PPF “CCB-force” (2.37%), PPF “Heat” (1.64%), PPF “Consent” (1.56%), PPF “DSK-Rodina” (0.82%). The rest end with negative yields. These are NN PPF (-0.23%), PPF “Doverie” (-0.38%), “PPF- Future” (-0.47%), “Allianz Bulgaria” (-0.73%) and PPF “PCI” (-0.81%)

On the FSC website, yield data for the 24-month period (on an annual basis) and the specified minimum yield.