PRIVATE PENSIONS
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Romania Pillar II Private Pension Funds Will Be Able to Invest Up To 10% of Assets in Mutual Funds, from 5% Currently
Managers of Pillar II mandatory private pension funds and Pillar III voluntary private pension ones will be able to invest up to 10% of assets in mutual funds, from 5% at present, in line with a draft government emergency ordinance, which also stipulates takin...
Romania Private Pension Fund Assets Cross RON160B Threshold in February 2025
Private pension fund total assets overshot RON160 billion in February, the equivalent of over 9% in GDP, after the number of participants reached 9.12 million at end-2024, in line with data...
Romania To Raise Private Pension Contributions To 4.75% Starting Jan 1, 2024
Romania will raise contributions to mandatory private pension funds (Pillar II) to reach 4.75% of contributors' gross wage from the current share of 3.75%, starting January 1, 2024, the gove...
Pillar II Pension Funds Generate 6.2% Average Yield in 2020
Pillar II private pension funds generated an average yield of 6.2% in 2020, triple compared with the 2.06% inflation rate, despite the effects of the pandemic, stock declines in spring and u...
Financial Watchdog Seeks To Apply Unitary Approach For Stock Market, Insurance, Private Pension Sectors
Romania’s Financial Supervisory Authority (ASF) plans to implement a unitary approach for the management of the stock market, insurance and private pension sectors, through the coordination...
Pillar II Pension Funds Reach RON75B in Net Assets in 2020
The assets managed by the seven private pension funds operating on Romania's mandatory segment (Pillar II) reached RON75.14 billion at the end of 2020, with RON13 billion amassed in 2020 alo...
Private Pension Assets in Romania Top EUR14B in Jan-Sept
The assets managed by private pension funds (Pillar II and Pillar III) reached RON72.58 billion (EUR14.8 billion) at the end of September, up 17.96% compared with September 2019, data from R...
Private Pension Assets In Romania Reach RON68B End-June 2020, Up 6.31% From December 2019
The assets managed by private pension funds (Pillar II and Pillar III) in Romania reached RON68.57 billion (EUR14 billion) at the end of June 2020, up 6.31% compared with the December 2019,...
Private Pension Assets in Romania Grow 17.5% in 1Q/2020
The assets managed by private pension funds (Pillar II and Pillar III) reached RON62.55 billion (EUR12.96 billion) in the first quarter of 2020, up 17.56% compared with the first quarter of...