APAPR
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Association: Government’s Planned Measures For Private Pension Pillar II Throw Romania Into Chaos
The Government’s planned measures for the mandatory private pension Pillar II disband de facto this money saving system, with a devastating impact on Romanians’ future income, the capital market, the entire financial sector and the country’s economy in its ent...
Contribution Freezes and Cuts Cost Romanians EUR1.1B of Future Private Pensions
Non-observance of the calendar to raise contributions to private pension Pillar II to 6% of gross income has had an impact of EUR1.1 billion in terms of unpaid contributions, Romania's assoc...
Romanian Private Pension Fund Association Calls For Meeting With PM
Romania's association for private pensions has called for a meeting with Prime Minister Mihai Tudose to discuss the government's analysis of state versus private pensions, the association sa...
Mandatory Private Pension Funds Gain EUR1B From Investments In 7 Years
Mandatory private pension funds (Pillar II) gained RON4.48 billion (around EUR1 billion) from investments in seven years from launching, for the over 6.3 million Romanians contributing to th...
Mandatory Private Pension Funds Posted 11.54% Yield In May ’08-Aug ‘12
The average annualized yield of Romania’s mandatory private pension funds (Pillar II) reached 11.54% between May 2008 and August 2012, according to the Pension Fund Association (APAPR).
ING Pensii CEO Named Head Of Romanian Private Pension Association APAPR
ING Pensii CEO Marius Popescu has taken over the chair of the Association of Romanian Privately Administered Pensions (APAPR), after former chairwoman Cornelia Coman was appointed head of IN...
Romanian Private Pension Funds’ 2010 Net Profits Total RON448M, Up 61% On Year
Romania’s mandatory and voluntary private pension funds registered aggregated net profit of 448.1 million lei (EUR106 million) in 2010, up 61% on the year, according to data released by the...