2,664 agents to sell optional pensions

The sale of optional pension products will begin with the 2,664 authorised marketing agents, according to data published by the Private Pension System Supervision Commission (CSSPP). Currently, only three companies have been granted the necessary approval to start selling optional pensions (the 3rd pillar): ING Asigurari de Viata (ING Life Insurance) – with 2005 marketing agents, Aviva Romania, with 611 agents and Allianz-Tiriac Pensii Private (Allianz Tiriac Private Pensions) with 48 agents, each having one optional pension fund authorised. ING Asigurari de Viata is the number one in terms of sales force, as it managed to get its entire life insurance sales force authorised in due time. Aviva and Allianz-Tiriac follow in second and third place, as the Commission has not yet authorised their whole sales team. These two companies are in turn relying on a few thousand marketing agents for the sale of optional pensions: around 2,000 in the case of Aviva, and 3,000 in the case of Allianz-Tiriac. The targeted levels of agents could be met by the end of the month, if granted authorisation by the CSSPP.