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The Warsaw Voice » Society » August 21, 2017
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No increase in systematic savings
August 21, 2017   
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Financial institutions have noted no increase in interest in systematic savings plans for children since the introduction of PLN 500 monthly child subsidies in Poland, the daily Puls Biznesu reports.
In 2016 some PLN 123 million in funds were actually withdrawn from the plans, a trend partly offset in Q1 when clients paid in net PLN 71 million. The reason for the low popularity of the savings plans is their distribution model, dominated by banks, market researcher Analizy Online's head Michal Duniec commented.
Only 16% of Poles save regularly and fewer than 30% of that group do it with their close ones in mind, a recent survey by Fundacja Kronenberga showed.
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