Pensions deposited with banks, camps and building societies are legally insured. In case of bankruptcy, you will get them back. The situation is different with pension funds and insurance companies, for which they do not pay for deposits. Investments in mutual funds are repaid if the failure of their manager is affected.
If the bank that you paid for in your pension goes bankrupt, you will get it back at 100%. The condition, however, is that you store a maximum of 2.5 million crowns (or 100 thousand euros) on one product. To this end, it will make insurance deposits with the Fund Deposit Insurance Deposit (FPV). If you want to save the output, it is advisable to expand other things.
Bn oban and the company will not lose deposits in the bank
It doesn’t matter if you have your money in a bank or savings bank, a term deposit, a savings bank, a deposit book or your own certificate of deposit. Pensions are valid on all products, both in Czech korunch and in foreign currency. In the event of a bank failure, companies will not lose their pensions either, as the first-time people are finally connected. “Neither the current depositor nor the company need any special data on the connection, their all disputes up to 100 thousand euros are connected automatically,” adds Renta Kadlecov, executive director of FPV.
In order to get to your pensions, you must meet one condition. Each deposit product must contain your personally identifiable information. What, of course, salary in the case of corporate companies.
You can keep your pension safe in the campsite and the building society
Clients of crushed fractures can thus remain calm if the campusics fail. Deposits with these institutions are also effective. The salary for n is exactly the same as for bank deposits.
Even locks on the building society can be secured in the amount of 100% and up to 100 thousand euros.
Cash in safes is not safe, but you don’t have to worry about it
If you have deposited cash in the bank’s safe deposit box, because the bankruptcy of the bank is alleged, it is completely increased in fear, the deposit with the bank is insured and its payment will be reduced again within a month. On the other hand, pensions stored in safes are not a deposit, so the insurance does not apply to them.
Even so, you will not miss the contents of the box. “The contents of the mailbox are not the property of the bank, so the client in case of bankruptcy is on it. Issued valuables with the General Terms and Conditions and the signed agreement on the lease of safety deposit boxes, ”adds Pavla Hvov
You can pay for deposits in the pension fund and the insurance company
Deposits of financial institutions, ie, for example, pension funds, are not insured with FPV. If he spends in the pension fund and it goes bankrupt, you will lose your pension. The insurance contribution of hay to a pension deposited in pension funds does not apply.
On the other hand, the management and activity of pension funds is controlled by the banking supervision of the NB and is strictly regulated by law. He dictates in which fund he can invest his pension.
The insurance deposit does not apply to pensions deposited in any of the types of insurance, including life insurance. However, even life insurance companies must ensure the greatest possible stability for their clients, including as little risk input as possible.
Pensions in the mutual fund are not affected by the collapse of the manager
If you have certificates in your market, you have invested your pensions in a mutual fund. His assets are managed by an investment company. Should you worry about your pension if the company goes bankrupt? You can stay calm, you will not lose your pension, the property in the fund is in no way connected with the property of the company’s investment. “The fund is separated from ethnicity by the company’s investments,” explains Kateina Petrovick from P Invest.
If an investment company goes bankrupt, according to the decision of the NB of the mutual fund management, it can be transferred to another investment company and the mutual fund will operate according to. “If the NB does not decide on the transfer, the assets of the mutual fund will be sold and their shares will be paid out,” adds Petrovick. Members will then receive their pensions no later than nine months after the liquidation of the company’s investments.
In a very extreme case, the mutual fund may also fail. “This situation could only occur if all issuers of securities bought into the mutual fund’s assets did not fulfill their obligations to the investor, ie they would go bankrupt themselves. Then the fund would not have any assets and it would be liquidated, “says Petrovick.