![The government still has not transferred money from OFE to Poles. What results do funds achieve by investing part of the pension premium? [22.05.2022]](https://d-art.ppstatic.pl/kadry/k/r/1/0f/7a/6285f27e1eeb4_o_original.jpg "The government still has not transferred money from OFE to Poles. What results do funds achieve by investing part of the pension premium? [22.05.2022]")
Despite the announcements and even further bills addressed to the Sejm, the government ultimately did not decide to liquidate Open Pension Funds and transfer the billions accumulated in them for future pensions, either to the Social Insurance Institution or to the private accounts of future pensioners. Therefore, OFEs continue to invest the money transferred to them from part of the contribution for compulsory retirement insurance, and last year they achieved a record result – they earned 29.7 percent for their members. However, it is difficult to expect an equally high rate of return on invested funds in 2022. Why?
OFE rates of return this year will be lower than the record results from 2021 due to the war in Ukraine, high inflation and high fuel prices.
However, expanding the catalog of financial instruments available to pension funds to include treasury bonds, foreign ETFs, derivatives and securities loans would allow them to increase the chances of a higher return on investment – according to the IGTE study “Panel of PTE Presidents”.
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The Chamber of Commerce of Pension Societies, associating Universal Pension Societies, managing institutions of OFE, launched regular surveys among the presidents of pension fund companies in order to examine their opinions on selected issues related to the operation of pension funds. The first edition of the study “Panel of PTE Presidents” was devoted to forecasts regarding the investment results of OFE in 2022.
According to eight out of nine of the surveyed PTE presidents (88.9%), it is most likely that the investment result of OFE in 2022 will be weaker than the result from 2021. This opinion is not shared by one of the respondents who found it difficult to predict the rates of return of open pension funds in 2022.
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The respondents were also asked to indicate three key factors that may adversely affect the investment results of open pension funds in the current year. The most frequently mentioned threats were the escalation of the war in Ukraine (88.9%), followed by:
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