Republic of Poland: Financial Sector Assessment Program-Technical Note-Competition and Performance in the Polish Second Pillar

International Monetary Fund

No 2007/104, IMF Staff Country Reports from International Monetary Fund

Abstract: This technical note for the Republic of Poland on competition and performance explains the Polish pension system and domestic capital market. Competition policies may need to be reviewed, in particular the combination of measures to maintain small pension funds operating while imposing strict caps on fees. If the government decides to continue pursuing policy of promoting competition in returns while reducing fees further, it may need to consider more structural changes in the second pillar, along the lines of the Swedish model.

Keywords: ISCR; CR; private equity; government bond; management fee; coverage ratio; equity portfolio; variable annuity; pension fund portfolio; Pension spending; Stocks; Mutual funds; Insurance; Pensions; Europe (search for similar items in EconPapers)
Pages: 56
Date: 2007-03-09
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