OTP Strateg will be absorbed by Generali Pensii’s Stabil fund, said a press release by CSSPP.
At the end of June, OTP Strateg had 301 contributors and 320,401 lei (EUR73,388) in net assets. Stabil had 3,610 participants and RON2.44 million in net assets.
Participants that do not agree with the merger may transfer without penalties to any other voluntary pension fund, within 45 days of the merger announcement being published.
Launched in May 2007, the voluntary pension segment (Pillar III) on June 30 had net assets of RON385.32 million and 241,406 participants, in 13 funds.
General Pensii also manages the Aripi fund on the mandatory private pension segment (Pillar II). The fund has 511,237 clients and net assets of RON433.78 million.