PRIVATE PENSIONS
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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%...
Private Pension Assets Reached RON18.8B And 2.8% Of GDP End-September
Assets managed by private pension funds in Romania reached RON18.8 billion at the end of September, up 27.12% from the end of 2013, and account for 2.8% of Romania's gross domestic product,...
Youths Uniformed About Private Pensions, 80,000 Randomly Distributed In 2014
Youths are uniformed or uninterested in private pensions, as in 2014 alone, 80,000 persons were randomly distributed to one of the eight pension funds as they had no option, Ileana Ciutan, h...
Capital And Insurance Market Issues Affect Credibility Of Private Pension System
The problems on the capital market and insurance market have started to affect the credibility of private pension funds, which is a cause for concern, Ion Giurescu, vice-president of Romania...
Romanians Believe "Someone Else", Mainly The State, Should Ensure Their Pensions - Survey
Half of Romanians believe "someone else" must ensure they have decent pensions upon retirement, particularly the state, which explains' people's low interest for the private pension system,...
ASF Chief Says Romanians Should Contribute To Private Pensions
Misu Negritoiu, head of Romania's financial regulator ASF, said Tuesday it is good for Romanians to contribute to private pension funds, whether or not they expect to eventually live off tha...
Mandatory Pension Funds Posted RON1.25B Profit In 2013, Up 59% On Year
The total profit of the eight mandatory private pension funds (Pillar II) in Romania reached RON1.25 billion in 2013, up 59% on the year, according to data released by fund administrators.
Private Pension Funds May Invest Up EUR500M In Public Offerings And Bonds
Private pension funds in Romania will have around EUR500 million in the next two years to invest in public offerings and corporate bonds, Raluca Tintoiu, general manager of ING Pensii, said...
Mandatory Private Pension Funds Posted Average Yield Of 11.75% In 2013
The average yield of Romania’s mandatory private pension funds (Pillar II) reached a three-year high of 11.75% in 2013, and their total net assets stood at 13.94 billion lei (EUR3.1 billion)...