The Czech supplementary pension savings system (DPS) has overtaken the country’s legacy pension scheme in participant numbers and is on the verge of matching it in assets under management.

Figures from the Association of Pension Companies of the Czech Republic (APS ČR) showed that assets managed in the new DPS system totalled CZK 320.249bn at the end of March 2026, compared with CZK 339.939bn in the older supplementary pension insurance scheme (PP).

According to a qualified estimate by the association, the two asset totals are expected to equalise in the coming days, while participant numbers in the DPS overtook the PP system more than a year ago.

Commenting, APS ČR president, Radek Moc, said: “The volume of assets in the new pension system is growing, and it is important that these assets generate the best possible returns for participants.

"That is why we introduced the ‘Evolution of Pensions’ initiative, which includes several proposals to improve the third pillar.”

He explained that one of the proposals includes the introduction of a lifecycle investment strategy.

“Up to around the age of 55, everyone would invest in dynamic or even alternative funds. Such an investment strategy would result in a significantly higher target amount.

"The transition into conservative funds would then take place gradually, only a few years before meeting the conditions for drawing a pension,” he added.

Moc also said the proposal would mean ending mandatory entry investment questionnaires, which he argued had often unnecessarily discouraged participants from investing by recommending conservative funds from a young age.

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