Republic of Poland; Financial Sector Assessment Program-Technical Note-Competition and Performance in the Polish Second Pillar

This technical note for the Republic of Poland on competition and performance explains the Polish pension system and domestic capital market. Competition policies may need to be reviewed, in particular the combination of measures to maintain small pension funds operating while imposing strict caps on fees. If the government decides to continue pursuing policy of promoting competition in returns while reducing fees further, it may need to consider more structural changes in the second pillar, along the lines of the Swedish model.

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Year of publication:	2007-03-09
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Financial Sector Assessment Program \| Pension regulations \| Pension supervision \| Public debt \| pension \| pension funds \| pension fund \| pension system \| pension fund portfolios \| risk management \| pension reform \| regulatory framework \| pension fund managers \| retirement \| insurance companies \| pension fund assets \| asset management \| supervisory board \| minimum pension \| retirement products \| pension fund management \| mutual funds \| pensions \| pension fund returns \| labor force \| internal controls \| retiring workers \| pillar pension \| asset managers \| annuity providers \| revenue collection \| pension assets \| contribution rate \| individual accounts \| supervisory framework \| small pension \| capital gains \| asset manager \| mortality table \| individual pension \| domestic savings \| monthly contributions \| longevity risks \| defined benefit \| internal control \| variable annuities \| portfolio choice \| insurance supervision \| pension systems \| pension law \| transfer agents \| pension fund system \| sickness insurance \| private pension fund \| multi-pillar pension system \| price controls \| insurance company \| longevity risk \| benefit pension \| indexed annuities \| private pension \| contribution pension scheme \| retirement age \| old age pensions \| pension sector \| equity markets \| pension fund administrators \| defined benefit pension \| pension scheme \| portfolios of pension funds \| moral hazard \| market risks \| mortality tables \| contribution pension \| contribution system \| pension fund account \| pension fund members \| investment returns \| defined contribution system \| pension fund manager \| defined contribution pension \| average pension \| minimum pensions \| occupational pension \| early retirement \| reinvestment risks \| accident insurance \| supervisory authorities \| old age pension \| multi-pillar system \| financial reporting \| low liquidity \| capital markets \| variable annuity \| joint annuities \| pension asset \| pension payments \| pension expenditures \| life expectancy \| tax rules \| asset segregation \| defined-contribution pension \| mutual fund \| gross wages \| individual pension accounts \| domestic saving \| pension reforms \| pension insurance \| pension products \| individual account \| contribution base \| tax incentives \| pensioners \| level playing field \| price-indexed annuities \| retirement phase \| pillar system \| pay-as-you-go system \| insurance industry \| reinvestment risk \| pension accounts \| investment managers \| retirement benefits \| guaranteed periods

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 07/104 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243156