Eureko Pensii: 25% of voluntary pension clients are late on payments

Around 25% of individual clients of voluntary pension fund Eureko Confort are late with contributions, some even by three months, because of the worsening economic situation, said Besim Jawad, general manager of Eureko Pensii.

"Our portfolio is largely made up of retail clients, because we started sales last year, when the corporate market was already in decline. Corporate clients pay on time, but around 20-30% of retail clients are late with payments," Jawad says.

Eureko Confort fund had over 3,100 participants at the end of June, with around 202,000 participants on the entire voluntary pension market. If a client cannot pay their monthly contributions, the money remains in the fund, with clients not having access to the accumulated amount before retirement. Clients can resume saving when their financial situation improves.