Definition
Assets created exclusively to fulfill a pension plan or plans assigned to it, in which the contributions, resources, and investments assigned to the plans are integrated. It lacks legal personality and is necessarily managed by a management entity with the assistance of a depository entity.
Further information
The pension funds subsector (S.129) consists of all financial institutions and quasi-corporations primarily engaged in financial intermediation resulting from the compensation of risks and social needs of insured persons, according to the European System of Accounts 2010, and are part of financial institutions (S.12).
This subsector only comprises funds which are separate from the units that created them. Social security pension systems are not included.
Related concepts
Links to data tables
Update date: May 2025
