Of the 392 767 people between early February and mid-September began his professional career, OFE has chosen only 6975, or less than 2 percent. For comparison with a group of people who are already working, to remain in the fund decided to 2.5 million, or about 15 percent. insured.
– Negative campaign, which was carried out on the occasion of changes in funds, rather disgusted many people write to them – says Tomasz Frontczak, President Pocztylion Ark PTE.
Before February 1 person entering the labor market were automatically saved to ZUS and – if you have not chosen themselves their OFE – were dolosowywane to one of the open pension funds. From 1 February can choose whether they want to give some contributions to pension funds or not. But for most of this period, a ban on advertising funds associated with the so-called. window, or choice, “OFE or Social Security,” which had made all insured funds. According to their bosses is another reason for the low number of saved people. It was not until August OPF can advertise, but for now this does not rush.
There is a third reason, which experts say, and the heads of pension funds. Most people before the thirtieth not thinking about the future so distant, like retirement. – Young people are unable to assess the impact of the entrance to the OPF for future retirement. I choose passivity – notes chief economist at Credit Agricole Jakub Borowski. Economist surprising, however, that despite the end of the ban on advertising you see no activity funds. – As soon as we see a big increase in the number of people entering the labor market, I would expect that the fight for them will be more fierce – added the economist.
Funds meanwhile, are just beginning to think about how to reach customers the new conditions. – The best results would restore the principle that Social Security sends the job information to newcomers about their right – says the chairman of Aviva Paul Pytel. When the draw and Social Security were sent similar letters, about 40 per cent. people isolated decided to choose the fund. But the restoration of this provision is questionable; government deliberately abolished such an obligation. Therefore OFE must rely on each other.
Information campaign prepares associates OFE Chamber of Commerce of Pension Funds.
– We are working on activities that realize to people entering the labor market that OFE exist and operate. That they achieve rates of return, and what steps should be taken by those who want to save them – says the head of iGTE Margaret Rusewicz. Except that such action will commence early in November; so far also not known which channels the action will be carried out. Advertising also probably decide to individual funds. But since PTE significantly lost on changes in the OPF, your ad will probably modest. – Summarize the results, and try from the beginning of 2015. Reach the largest number of young buyers, probably on the Internet – says Tomasz Frontczak.
For OFE youth entering the labor market is potentially the most important group new customers. If funds will acquire them, their market position will continue to worsen. – Long-term consequences will be such that the assets of the funds will be to increment due to the influx of premium. This may not necessarily mean the marginalization of OFE, but certainly reduce their role in the financial system. On the other hand, the fewer records of the funds and their contribution will be in the ZUS, the better the situation of public finance – notes Jakub Borowski.
In the next year are to receive funds from contributions 2.8 billion zł. Same for Social Security and pay the 3.8 billion zł. Under the new rules, so-called. slider, the funds have since gradually transfer to a facility means the persons to whom the pension is less than ten years. Already at first glance that the finance OFE is not in balance. Experts in the capital market and fund representatives assure us that sell shares to repay the slider rather not be. OFE count because the dividend.
Sobieslaw Kozlowski, an analyst at Raiffeisen Polbanku ticker, it is estimated that by splitting the profit of companies listed funds reach 5 billion zł. – The result may have kilkumiliardową surplus. The question is what they do with it. Would they, for example, actively exit from investments abroad? Or maybe you will want to focus on domestic companies dividend? In each of these scenarios OPF are not interested in smaller companies with low liquidity – says Kozlowski. In his opinion, the transfer of investments in foreign markets is not obvious. PTE fund managers will have attached more importance now to control costs. A foreign investment must continuously monitor, which is costly.
Vice President Pekao Pioneer PTE Mark Sakowski claims that the new principles of operation of funds mean that there is nothing to count on large purchases of shares by OFE . – You may find that it will take on the role of a passive investor. Exchange must rely on the activity of others: investment funds and foreign capital – says Sakowski. Our interlocutor stresses, however, that the risk of falling stock market stagnation is not large. Similarly, consider Sobieslaw Kozlowski. – The market abhors a vacuum. We TFI, we are investment companies, we also have foreign investors. And it seems to me that if valuations are low, investors will look for their chance, for example by increasing the involvement of equity in the company – he concludes.
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