Of the total contributions, 56% were directed towards individual plans (up from 41% in 2023), while the remaining funds were allocated to professional plans.
Regarding profitability, the rate was higher in 2024 for defined contribution professional plans (6%) compared to individual plans (5.3%).
According to the Market Conduct Regulation and Supervision Report issued by the Insurance and Pension Funds Supervisory Authority (ASF), the higher returns on professional plans compared to individual plans can be “explained by the risk profile underlying the investment policies, particularly in closed pension funds.”
By the end of 2024, pension funds included 509,090 participants and 117,954 beneficiaries.
Also at the end of the last year, pension fund assets totaled 19.3 billion euros, with 75% allocated to defined benefit professional plans.
