Hungarian pension funds made record income from insurance premiums
Pension funds made record income from insurance premiums, not to mention health care funds, which didn’t deny refunds to their families from their payments.
It can be said that a win-win situation has developed in the fund sector, according to the latest data of Magyar Nemzeti Bank (MNB), more payments have been made to fund accounts than ever before.
Voluntary pension funds closed a successful final quarter that had been unprecedented for at least a decade and a half. The multi-year decline in membership has stalled and even reversed, with the number of members rising to more than 1.105 million at the end of the year, an increase of nearly 10,000 last quarter. The last time the number of members of voluntary pension funds increased was in 2007 – read nabe in his report.
At the operational level, previous losses were eliminated, at the end of 2021, the operating level loss was only 27 million HUF, which is the best result of the past decade and a half. Voluntary pension funds closed their last profitable year in 2006, and since then their spending has always been higher than revenue.
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