The mandatory private pension pillar, known as Pillar II, had net assets of EUR9.9 billion end-September, up 5.5% from end-June. Pillar II consists of seven pension and was launched in May 2008.
Pillar II had 7.18 million contributors at the end of September, compared with 7.15 million contributors at the end of June.
Pillar II posted an annualized average yield of 8.43% since launch.
The voluntary private pension pillar, known as Pillar III, was launched in May 2007 and had net assets of EUR425 million at the end of September, roughly unchanged compared with end-June. It was managed by ten pension funds totaling 465,000 contributors.
Pillar III posted an annualized average yield of 6.47% since launch.