NN Penzijní společnost
 | |
| Founded | March 15, 1994[1] |
|---|---|
| Headquarters | , |
| AUM |  CZK 40 bn[2] (2018) |
| Total assets | CZK 0.7 bn[2] (2018) |
| Owner | Nationale-Nederlanden |
Number of employees |  6[3] (2019) |
| Parent | NN Continental Europe Holdings B.V. |
NN Penzijní společnost, a.s. is one of the eight Czech pension companies licensed to manage state-sponsored pension funds. The company was incorporated as Průmyslový penzijní fond (Industrial pension fund) in 1994. A few years later ING Group became the sole shareholder, and in 2000 the company was renamed to ING penzijní fond (ING pension fund).[4] In 2004 administrative expenses rose sharply, marketing expenses and personnel expenses were doubled.[5] Company's market share subsequently deteriorated from 12% at the end of 2004[6] to 8% at the end of September 2014.
References[edit]
- ^ Financial statements of ING Penzijní fond, a.s. for calendar year 2000, page 1
- ^ a b Annual report of NN Penzijní společnost, a.s. for 2018
- ^ Annual report of NN Penzijní společnost, a.s. for 2019
- ^ Commercial register at justice.cz, company ID (IČ) 63078074, NN Penzijní společnost, a.s.
- ^ Annual report of ING Penzijní fond, a.s. for 2004, page 15 (Marketing expenses increased by 115%, personnel expenses increased by 99 %. As the number of employees increased by 39 % y-o-y, rental expenses for office space increased by 65 %)
- ^ According to statistics of Association of Czech pension companies, there were 2,949,688 active participants, of which 355,337 had a contract with ING PF (12.05 %)
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