2024-07-18 11:55:47
At its meeting on July 16, 2024, the Financial Supervision Commission (FSC) determined the minimum yield for mandatory pension funds for the last 24 months. All companies achieved levels above the minimum.
The data showed that universal pension funds (UPFs) ended the 24-month period with a positive minimum return of 1.85%. For occupational pension funds (PPF) it is 1.74%.
From the published data of the Financial Supervision Commission, it can be seen that among professional pension funds, PPF “Toplina” is in first place with 7.65%. In second and third place respectively are PPF UBB with 5.79% and PPF “DallBogg: Life and Health” with 5.73%. The yield of “ZPPF Allianz Bulgaria” is 5.62%, and that of PPF “POI”* is 5.08%. In the next position is PPF “DSK-Rodina” with 4.93%, and PPF “CKB-Sila” with 4.65%, followed by “PFF – Budeshte” with 4.63%, PPF “Doverie” with 3 .94% and PPF “Saglasie” with 2.98%.
“Toplina” is among the companies with the highest profitability and among universal pension funds with 7.24%. In first place is UPF “DallBogg: Life and Health” with 8.30%, and in third place is “UPF UBB” with 5.45%. Followed by UPF “Saglasie” with 5.38%, “ZUPF Allianz Bulgaria” with 5.36%. CCB-Sila UPF has 4.53%. UPF “DSK-Rodina” – 4.50%, and UPF “Doverie” with 4.29%. The yield of UPF “POI”* is 4.13%, and that of “UPF – Budeshte” is 2.38%.
Voluntary pension fund “Toplina” again takes the first place in terms of profitability with 9.77%. The second position is for DPF “DallBogg: Life and Health” with 6.68%. In third and fourth place respectively are “DPF UBB” with 6.35% and DPF “CCB-Sila” with 6.32%, followed by “DPF Allianz Bulgaria” with 5.67%, DPF “POI”* with 5, 52%, DPF “DSK-Rodina” with 5.32%, “DPF – Budeshte” with 5.05%, DPF “Doverie” with 4.58% and DPF “Saglasie” with 3.91%.
Profitability is an important indicator and it depends on the type of assets in which the accumulated funds are invested and the trends in the respective markets. In order to determine the mandatory minimum yield, the FSC examines the reports of the funds and the yield achieved by them for the last 24 months.
The full text of the decisions can be seen on the FSC website in the “Administrative documents” section. Data on the yield for the 24-month period (on an annual basis) and the determined minimum yield can be found in the “Insurance activity” section, “Statistics”, “Statistics and analyses”.