Central Bank of Cyprus releases 2025 pension fund statistical report

The Central Bank of Cyprus released its 2025 statistical report on pension funds on June 12, 2026, highlighting a fragmented sector despite regulatory reforms. By the end of 2025, the total number of pension funds fell below 600, representing a decrease of over 30 percent compared to five years ago following the implementation of the Occupational Retirement Provision Law. Despite this decline, Cyprus ranks third in the eurozone for the total number of pension funds, trailing only Ireland with approximately 5,000 and Spain with about 1,000. Conversely, Cyprus ranks among the lowest in the eurozone regarding average assets per fund, with an average of less than 10 million euros. The sector is dominated by defined contribution schemes, which account for more than 80 percent of funds. While 75 percent of the roughly 140,000 members are active, the system faces demographic pressure leading to a faster decline in participation between 2020 and 2025.