PILLAR II
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Romania's Mandatory Private Pension System Had Average Annual Yields of 9.1% Since Inception
Romania's mandatory private pensions system known as Pillar II had annual average yields of 9.1% in the ten years since its inception and amassed assets totaling RON38 billion for its seven...
Fin Min Says Romania to Eliminate Mandatory Private Pensions; PM Denies
Romania's proposed finance minister Ionut Misa said Thursday the government will eliminate the mandatory private pension system known as Pillar II. The prime minister later denied any such p...
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 Average Yield At 8.7% In 2014, Assets Top EUR4B
Mandatory private pension funds (Pillar II) had an average yield of 8.71% last year, from 11.75% in 2013, and reached total assets of RON19.1 billion (EUR4.26 billion) in December 2014, 37%...
Over 76% Of Pillar II Assets Placed In State Treasuries In 2012
Romanian mandatory private pension funds (Pillar II) increased their exposure to state treasuries by about 10 percentage points last year to 76.3%, according to private pension system regula...
Romania To Have 6 Mandatory Private Pension Funds From 9 By 2017
The number of private pension funds on the mandatory pension segment (Pillar II) will drop to six from the current nine, through mergers and acquisitions expected over the next five years, a...
Pension Funds Witness First Losses Since Establishment In 2008
The privately managed mandatory pension funds (pillar II) experienced for the first time the anxiety of extensive stock market corrections, watching declines of over 20% in Bucharest, Warsaw...