Fincop Pensions Broker invests 10m euros in network expansion

Fincop Broker de Pensii Private (Fincop Private Pensions Broker), which operates on the market of mandatory pensions, will invest 10 million euros to expand its territorial network, which currently stands at 40 agencies. This is the first large investment announced by a pension broker, with such sums only invested by pension managers so far. Alongside Brokerpool and AAV (broker held by Aviva Pensii Private), Fincop is one of the largest mandatory pensions brokers on the market, with 5,300 authorised marketing agents. “In addition to private pensions, Fincop will also offer an extensive range of life insurance, health and voluntary pensions insurance products. Currently, Fincop works with Interamerican, Allianz-Tiriac, Generali and BT Aegon,” company officials revealed. Fincop Broker is part of the UK-based Salve financial group, and is run by Romeo Jantea, the former chairman and general manager of BCR Asigurari (BCR Insurance), after he left in September 2006. The broker’s partnership manager is Mihai Seitan, former chairman of the National House of Pensions and Other Social Security Rights, and one of the founders of the Romanian private pensions system.