Poland's second-pillar pension funds (OFEs) generated poor results over the last year, with all the 12 funds recording negative returns.

According to the Polish Financial Supervision Authority (KNF), the weighted average 12-month return, as of the end of March 2016, fell from 2.52% in 2015 to minus 6.63%, while the three-year return plunged from 25.13% to 6.34%. Read the full story POLISH second-pillar pension funds post negative returns