Category B funds, which account for 98.4% of the total membership, increased their annual nominal returns to 6.94%, from 6.19% the previous year, according to the Croatian Financial Services Supervisory Agency (HANFA), the sector's regulator.
Category B funds became the renamed default funds when Croatia introduced a lifecycle system in 2014, and since the mandatory system's start 15 years ago, they have returned 5.95% on an annualised basis.
They operate as balanced funds, with some 70% of assets invested in domestic government bonds, and 20% in local and foreign equities as of end-2016.
Read the full story CROATIA's mandatory pension fund returns strengthened in 2016
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