voluntary pension funds

Serbia’s Voluntary Pension Assets Reach RSD 66.4bn as Household Savings Remain Concentrated in Banks

Serbian households continue to hold most of their financial savings through bank deposits, while voluntary pension funds remain a comparatively small source of long-term domestic capital. Net assets of voluntary pension funds stood at around RSD 66.4 billion at the end of the first quarter of 2026, leaving the sector relatively small compared with household deposits and the broader economy. The difference has implications for both retirement savings and the development of Serbia's domestic capital markets. Pension funds could expand…