Nearly 200,000 savers switched to new Czech pension scheme in 2024; one-third changed pension company

199,014 savers exchanged their old savings products for the new Czech Republic pension scheme (DPS) last year, compared to 92,853 in 2023.

However, the most significant increase concerned those who decided to change their pension company.

According to data from the Czech Association of Pension Companies (APS), 61,965 savers changed their pension company in 2024, compared to 4,314 in 2023.

Until then, the annual increases have been in the hundreds or lower thousands.

Research from the APS revealed last month that the DPS hit 2 million members in 2025, with more participants than the old supplementary pension scheme for the first time.

The findings came after Czech Republic pension savings had one of its most successful years in 2024.

The APS said the average yield of the new DPS's dynamic funds was 15 percent at the end of November 2024 alone, offering clients more than good returns this year.

In addition, the APS found that the best funds broke the 30 per cent annual return limit for the second time in the history of the new pension savings.



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