Allianz-Tiriac Pensii: We will have 1bn euros in assets in five years

Allianz-Tiriac Pensii, the pension company that manages the second largest mandatory pensions fund on the Romanian market, as well as two other voluntary pension funds, will have assets worth one billion euros in 2013, i.e. in five years’ time, says the company’s CEO, Crinu Andanut. He says investments made into the company’s development will be recouped in ten years’ time. “The investment will probably be fully recouped in 2018, but it depends on what will happen in the next few years. There are two trends: some politicians want to freeze mandatory pension contributions at 2%, but there are also those who want to see contributions rise faster than was initially provided for. If they rise faster, pension companies will be able to make better investments with that money, because they will have higher assets,” Andanut says.