In 2013, voluntary pension funds’ assets exceeded expectations, as they rose over 35%, mainly due to very good investment performance, the association said in a statement.
According to the association, voluntary pension funds posted an annualized average yield of 8.28% since their launch in May 2007 and until the end of 2013.
The first contributions to Pillar III were made in May 2007, while the first contributions to Pillar II were paid in May 2008.