engleski

Operational efficiency of Croatian Mandatory pension funds

The article presents the activities of Croatian mandatory pension funds in the past 14 years, since their establishment. The effective returns achieved by them are compared to the returns achieved by pension funds from other countries, primarily to the returns achieved by funds from comparable Central and Eastern European countries, but also to the returns achieved by funds in other countries. The returns are also compared to the returns achieved during the same period by Croatian balanced open-end investment funds. Thanks to the availability of relevant information, a comparison is also made in relation to the risks assumed. The article then proceeds to compare the fees payable to Croatian mandatory pension funds by their members, which are further compared to the fees charged by funds in other countries. The paper aims to determine the operational performance of Croatian pension funds to date and establish whether or not the fees charged by them are acceptable.

Mandatory pension funds, operational efficiency

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