Editing Pension fund (section)

===Czech Republic===

* Pension funds form the third pillar of the Czech Republic's pension system<ref>{{Cite web|url=https://www.mfcr.cz/cs/financni-trh/soukrome-penzijni-systemy/iii-pilir-doplnkove-penzijni-sporeni-a-p/zakladni-informace|title=Základní informace|website=Ministerstvo financí ČR}}</ref> and allow people to invest regularly and voluntarily over the long term with state support and tax relief.

====Penzijní připojištění (Pension Plan, PP)====
Source:<ref>{{Cite web|url=https://www.fondee.cz/blog/jak-funguje-penzijko|title=Vše o penzijním spoření: jak funguje penzijko a kolik stojí? – Fondee blog|website=www.fondee.cz}}</ref>
* Pension Plan could be negotiated until the end of 2012. These funds are called "Transformed Funds" (TF). These carry a guarantee of non-negative appreciation in each year of saving. Therefore, their investment strategy is also conservative and based on investing in bonds and money market instruments. The fund credits appreciation only once a year.
* The client does not hold any unit certificates or pension units, but, on the basis of the funds invested, state contributions and, where appropriate, employer contributions, holds a share in the fund's assets, which appreciate in value over time and are completely separate from the pension company.

====Doplňkové penzijní spoření (Supplementary Pension Savings, DPS)====
Source:<ref>{{Cite web|url=https://www.apscr.cz/doplnkove-penzijni-sporeni/|title=Doplňkové penzijní spoření &#124; Penzijko &#124; DPS &#124; Spoření na penzi}}</ref>
* Supplementary Pension Savings have been available since the beginning of 2013. They operate on a similar principle to unit trusts, except that they are set up by pension companies and the client receives pension units instead of unit certificates.
*The main difference from the client's point of view is the possibility to choose the investment strategy of their savings. The three main strategies are:<ref>{{Cite web|url=https://www.nn.cz/poradna/penze/fondy.html|title=Penzijní fondy &#124; NN Penzijní společnost}}</ref>
** Conservative funds – a strategy suitable for clients who wish to invest safely in money market instruments.
**Balanced (mixed) funds – a strategy suitable for clients who wish to take advantage of investing in government bonds and stocks within a single fund.
**Dynamic funds – a strategy suitable for clients who wish to invest exclusively in stocks and expect high returns that beat inflation. In this case, a high risk of volatility must be taken into account. This risk can be mitigated by regular savings.

====Dlouhodobý investiční produkt (Long-term Investment Product, DIP)====
*As of 1 January 2024, a long-term investment product was launched, thanks to which it is possible to invest in shares, bonds or investment funds. In the context of Pension Plan (in Transformed Funds) or Supplementary Pension Savings, you can only invest in participatory funds offered by the pension company. You have no control over how the pension company handles the money you invest. In contrast, in Long-term Investment Product you can set up your investments as you see fit and you can change the composition of your investments over time.<ref>{{Cite web|url=https://www.mesec.cz/clanky/vse-o-dip-jak-presne-funguje-a-kde-si-ho-uz-muzete-sjednat/|title=Vše o DIP: Jak přesně funguje a kde si ho už můžete sjednat?|first=Ivana Bondareva|last=Dubnová|website=Měšec.cz}}</ref>