Prima Pensie to set up voluntary pension fund

Prima Pensie, a private pension fund manager created by Slovenia’s Prva group, will expand on the segment of voluntary pension management by the yearend, when it plans to launch a pension fund to invest 45% of assets in shares. The high level of investments in shares will include the new voluntary pension fund in the category of high-risk funds, with Prima Pensie betting on higher yields. “For the segment of voluntary pension management, we target a 10% market share. Pension funds will persuade customers through the structure of their investment portfolio and then through yields, and less through levied fees,” says Paunescu. Currently, Prima Pensie is present on the market of mandatory pension funds, with Fondul de Pensii Administrat Privat Prima Pensie already licensed by the Commission for the Supervision of the Private Pension System (CSSPP) in August. “Prima Pensie will make the highest level of investments domestically, however, will also look at the markets of Western Europe and North America,” says Paunescu. Prima Pensie will invest up to 20% of the assets in monetary market instruments, up to 40% in T-bills, 10% in municipal bonds, 20% in shares traded on the domestic market and on EU markets, and 10% in corporate bonds.