The normative act allows private pension funds to diversify their investment portfolio. The norm introduces new asset classes and regulates the asset investment and evaluation process, CSSPP said in a press release.
According to the new regulations, private pension funds may invest up to 10% of assets in infrastructure projects. Asset investments in private equity funds were also capped at 10%, both on the mandatory and the voluntary private pension segments.
Private pension funds may now become strategic partners in developing key national programs.
End-November, the assets of mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) stood at 6.63 billion lei (about EUR1.52 billion), up 2.8% on the month. (EUR1=RON4.3422)