The Croatian Financial Services Supervisory Agency announced that EUR 7,768,047.40 in previously charged management fees has been allocated and paid back to members of mandatory second-pillar pension funds, reducing the effective level of fees charged. The repayment follows the statutory cap on how much of the sector’s annual management fees any single pension company may retain, with part of any excess redistributed via the Central Register of Insured Persons (REGOS). Under the Mandatory Pension Funds Act, each pension company may retain management fees up to 20% of the total collected by all pension companies and must refund 55% of any annual amount above that threshold to REGOS for pro rata allocation to mandatory pension funds. The redistributed amount was paid into funds managed by Allianz ZB (EUR 2,843,210.02 across categories A EUR 68,666.46, B EUR 2,543,342.47 and C EUR 231,201.09), Erste (EUR 1,256,513.11 across A EUR 58,451.27, B EUR 1,128,607.18 and C EUR 69,454.66), PBZ Croatia osiguranje (EUR 1,480,610.36 across A EUR 100,169.67, B EUR 1,275,110.56 and C EUR 105,330.13) and Raiffeisen (EUR 2,187,713.91 across A EUR 50,709.74, B EUR 1,957,221.73 and C EUR 179,782.44). The management fee rate is set in law and is uniform across pension companies and fund categories, currently 0.24% per year and set to decline to 0.20% in 2029; mandatory pension funds held EUR 23.8 billion in net assets with 2,351,519 members at end-March 2025, while open-ended voluntary pension funds held EUR 1.47 billion with 473,290 members.

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