Insurer PZU’s asset manager PZU TFI has already signed several contracts for employer-sponsored pension plans (PPK) with companies employing over 250 workers.
PZU expects to start managing money from the first premiums in August and expects major inflows towards the year end.
Poland has mandated employers to select asset managers to run the new pension funds, with money coming from paychecks, employee contributions and a minor add-in from the state. Large firms begin the process in July, followed by mid-size in early 2020, small companies later in that year and the public sector from 2021.
