The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
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.
VERSITA Central European Science Publishers, Warsaw; http://versita.com, in cooperation with journal's owner - University of Warmia and Mazury in Olsztyn
VERSITA Central European Science Publishers, Warsaw; http://versita.com, in cooperation with journal's owner - University of Warmia and Mazury in Olsztyn