In 2012, Pillar II funds posted average yield of 10.5% and their total net assets stood at RON9.64 billion (EUR2.18 billion).
In 2013, mandatory pension funds’ assets rose above expectations, by nearly 45%, mainly due to very good investment performance, the association said in a statement.
According to the association, mandatory private pension funds posted an annualized average yield of 11.5% since their launch in May 2008 and until present.
Currently, Pillar II funds’ holdings in companies listed on the Bucharest Stock Exchange exceed RON2 billion. Overall, Pillar II funds invest in Romania nearly 95% of their total assets.
The first contributions to Pillar III were made in May 2007, while the first contributions to Pillar II were paid in May 2008.