Czechs invest billions in new long-term savings product

Some 244,000 people in Czechia have invested in the long-term investment product (DIP) since its launch, according to the Czech Capital Market Association. The scheme is designed to help individuals save for retirement. By the end of March, total investments in DIP reached 9.5 billion crowns, with the vast majority placed in investment funds. Smaller shares went into deposits and other instruments such as stocks and bonds. Introduced in 2024, the product is offered by banks and investment firms as part of broader efforts to expand retirement savings options alongside traditional pension funds.