POLAND - Polish pension fund (OFE) assets under management rose by 5.7% during the month of April, the highest increase in the past year, according to data by research company Analizy Online.
Analizy Online attributed the improvement to the rally in the Polish Stock Exchange. The main Warsaw Stock Exchange index (WIG20), recorded a monthly growth of almost 19%, which was the highest number since January 2002.
In addition, the level of OFE assets in April was boosted by 1.1 percentage points by a cash injection from ZUS, a public institution servicing the social security system in Poland.
OFE Polsat was the best performer with a return of 7.1%, due to the fact it has the highest allocation to equities, accounting for 37.6% of its portfolio. ING OFE returned 6.2% and Generali OFE 6.1%.
The Department for Work and Pensions (DWP) has launched a website dedicated to signposting people to where they can receive guidance typically associated with a so-called 'mid-life MOT'.
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