PRIVATE PENSIONS
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Mandatory Pension Funds’ Net Assets Seen At EUR4.2B End-2014
Romania’s mandatory (Pillar II) private pension funds will cash contributions of EUR870 million in 2014 and reach net assets of EUR4.2 billion at the end of next year, from EUR2.96 billion o...
EXCLUSIVE: Mandatory Private Pension Contributions Increase To 4.5% In 2014
Contributions to the mandatory private pension system (Pillar II) will increase from 4% to 4.5% of employees’ gross income in 2014, according to Romania’s draft state budget for next year, o...
Private Pension Funds’ Net Assets Exceeded RON12B In June
Mandatory and voluntary private pension funds in Romania registered average annual yields of 11.4% and 9.4%, respectively, over the past five years and their assets reached 12.2 billion lei...
Private Pension Funds’ Net Assets Up 3.6% In January, To RON10.6B
The net assets of Romanian mandatory (Pillar II) and voluntary (III) private pension funds reached 10.61 billion lei (EUR2.41 billion) at the end of January, up 3.62% from December 2012, pri...
Romania Raises Private Pension Contribution Rate To 4% In 2013
Romania will increase the rate of contribution to mandatory private pension funds (Pillar II) from 3.5% to 4% of employees’ gross wages and the sum collected is estimated at 3.05 billion lei...
Private Pension Funds’ Assets Seen Up 35% In 2013, To Over EUR3B
The assets of Romanian mandatory (Pillar II) and voluntary (Pillar III) private pensions will reach 13.8 billion (around EUR3.1 billion) at the end of 2013, up 35% from December 2012, accord...
Romanian Private Pension Funds Post Yields Of 10% In 2012, Net Assets Top RON10B
Romanian mandatory and voluntary private pension funds posted average yields of 10.5% and 9.96% last year, respectively, and reached total net assets of 10.23 billion lei (EUR2.3 billion) in...
Reform Of Financial Markets Goes Only Half-Way
The future single watchdog of Romania’s financial markets could be no more than a formal change because it is still parties who appoint the management.
Draft Budget States Sum To Raise Private Pension Contribution Rate To 4% In 2013
Romania’s draft state budget for 2013 states the sum needed to increase the rate of contribution to mandatory private pension funds (Pillar II) from 3.5% to 4% of employees’ gross wages, Ile...