Penzijní fond Komerční banky twice awarded as the Best Pension Fund in the Czech Republic

Press release

2/28/2012
8:00 AM

Penzijní fond Komerční banky has been named the Best Pension Fund in the Czech Republic for 2012 two times, winning the same title as last year in one case.

Penzijní fond Komerční banky again received the highest rating among Czech pension funds from an expert jury of the prestigious economic magazine World Finance this year, as last year. The international expert jury mainly appreciated the fund’s long-term stability and financial strength, which guarantee secure savings for the retirement age. The fund’s conservative investment strategy and consistent focus on enhancing customer satisfaction are, according to the expert jury, a promise of stable and secure growth in the value of the scheme members’ contributions in the coming years too.

“The year 2012 offers the last chance for entering into the system of non-state pensions with fully guaranteed return of the investment. The recurrent awards from the World Finance expert jury provide evidence that Penzijní fond Komerční banky is the right partner for joining the system of voluntary savings for retirement,” said Pavel Jirák, Penzijní fond Komerční banky Chairman and Executive Director.

The World Finance award closely follows the Best Pension Fund in the Czech Republic 2011 award from the UK-based Global Banking & Finance Review online portal, internationally one of the most frequently visited online magazines for the global banking and financial industry. The key criteria in which Penzijní fond Komerční banky won included the fund’s transparency, its governance and control system, and customer services. Other criteria also focused on success of investment strategies, risk management, market share, yields, maximum risk diversification, security of assets under management, return on investment, cost efficiency, investment portfolio optimisation, etc.

Both of these awards are a strong signal for the scheme members of Penzijní fond Komerční banky. They enhance the fund’s credibility and professionalism and are, naturally, an independent signal that scheme members’ money is safe in Penzijní fond Komerční banky.