Central Bank of Cyprus releases 2025 report on pension funds

On June 12, 2026, the Central Bank of Cyprus released its first statistical report on pension funds for 2025, outlining trends in assets and liabilities. The data shows that the number of pension funds in Cyprus dropped by more than 30% over the last five years, falling to under 600, following the implementation of the Law on Occupational Retirement Provision. Despite this decline, Cyprus maintains the third-highest number of pension funds in the Eurozone, behind Ireland and Spain. The sector remains fragmented, with average assets per fund recorded at less than 10 million euros, one of the lowest levels in the Eurozone. While Cyprus has a high active membership rate of 75% compared to the Eurozone average of 58%, it faces rapid declines due to demographic aging. Currently, over 80% of funds are defined-contribution schemes, favored by employers for lower costs and risks. The report indicates a slow trend toward investment diversification, though the sector remains heavily focused on traditional asset classes.