In recent months, there have been significant changes in the pension funds.
From the beginning of 2023, a change came into effect that allows colleagues in the funds to choose two new tracks without expenses paid by them to external managers.
One track follows indices without active investment management, and the other track includes only tradable investments.
The first type is tracks that specialize in tradable investment avenues only, compared to the existing tracks that also contain non-tradable assets.
For these investments, the pension funds pay expenses.
The second type follows indices and does not make active investments.
In this section, five routes were characterized, such as a route that follows the S&P index, a route that follows bond indices, and more. These routes are added to those that exist today by default according to the age of the saver. This reform increases the choice of savers, but they lack objective professional advice. The goals of the routes The new ones are, among other things, the reduction of management fees, and the possibility to avoid paying direct expenses for non-marketable investments.
Very important decisions
Also, the ceiling of the direct expenses that the property managers can charge has been canceled, but they must update what the rate will be charged in each route.
Another reform that went into effect a few months ago is the replacement of the mechanism that guarantees a return in the old pension funds from the issuance of bonds by the government, with a mechanism according to which the companies managing the pension products will invest the 30% for which bonds were issued intended for investment in the capital market.
Saving for retirement is one of the most important financial decisions in household life.
That's why it's important for both employees and the self-employed to check: Are you saving at the maximum possible rate?
Is the investment path suitable for age and risk preferences?
and other important questions.
So let's get going.
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