Assembly of Kosovo approved fees for 2016

The Assembly of the Republic of Kosovo, in the session held on 19 February, approved the management fees proposed by the Governing Board of the Kosovo Pension Savings Trust for 2016. As of this date, the approved fees shall be 0.082% for operations and 0.398% for investments, meaning that in total the fees will be 0.48%. The fees have, therefore, been decreased from the total of 0.483% that they were for 2015.

It is worth mentioning that KPST charges much lower management fees than similar funds in the region and in the OECD State Members. This is because the KPST is an institution that does not charge fees to create profit, as is the case with similar private funds; instead, it charges only for the cost of asset investment and the daily activity of the institution (operations).