Financial and business news from Bulgaria

“Heat” at 31 March 2020 with highest positive yield among universal pension funds

As of 31.03.2020, the minimum yield on the management of the assets of universal pension funds for the previous 24 month period (from 30.03.2018 to 31.03.2020) is -4.17% on an annual basis and the minimum yield on the management of the assets of occupational pension funds for same 24-month period amounted to -3,95%. The minimum yield is determined by the FSC every three months on the basis of achieved yield for the last 24 months. This is clear from the published decisions of the FSC from 16.04.2020.
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"Heat” ends the period with highest positive yield among universal pension funds. For the last 24-month period on an annual basis, the Pension Fund achieved a positive yield of 0.93%. In the second and third places are ranked, respectively, PPF “CCB-force” by 0.78% and UPF “Consent” by 0.52%. The remaining PPF end with negative yields, respectively, UPF “DSK-Rodina” /-0.85%/, “UPF - Future” /-0.89%/, UPF “Doverie” /-1.37%/, “En UPF” /-2.20%/, UPF “PCI” /-2.53%/and “Allianz Bulgaria” 86%/.

For occupational pension funds with positive yield, three pension funds are completed, respectively, PPF “CCB-force”/1.87%/, PPF “Heat”/0.98%/and PPF “Consent” /0.66%/. The remaining PPFs end the year with negative yield, respectively PPF “DSK-Rodina” /-0.94%/, “PPF - Future”/-1.42%/, PPF “Doverie” /-1.85%/, “CNN PPF” /-2.20%/, PPF “PCI” /-2.48%/and “ZPPF Allianz Bulgaria”////////////////////////3.17%/.

Data on the yield for the 24-month period (on an annual basis) and the specified minimum yield can be found on the FSC website in the section “Statistics”, “Statistics and analysis of the insurance market”.

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