Compulsory
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Compulsory private pension products, almost identical
Compulsory private pension funds will be almost identical because of the limitations imposed by legislation, for which reasons the success of sales will depend on advertising campaigns and distribution channels, says Adrian Allott, deputy general manager with...
BCR & BRD, custodians of compulsory private pensions funds
The two largest banks in the system in terms of assets, BCR and BRD-SocGen, were approved as depositories for assets of compulsory private pensions (the 2nd pillar), announced the Private Pe...
Generali prepares for compulsory pensions
Generali Asigurari (Generali Insurance) intends to apply for licence for its pension company that will manage 2nd pillar pensions (compulsory pensions). "We have begun to structure our compa...
Compulsory pensions to draw half a billion euros in 3 years
The assets of the compulsory pension funds (pillar II) could reach 430m euros (1.9bn RON) by the end of 2010, reveals a survey on the development of the private pension system commissioned b...
Banks and brokers unable to sell compulsory pensions directly
Banks, brokers, and financial investment service companies (SSIF) will be unable to sell compulsory pensions (the 2nd pillar) directly, as the Private Pension Supervision Commission (CSSPP)...
Allianz-Tiriac enters compulsory pensions market
Allianz-Tiriac Pensii Private (Allianz-Tiriac Private Pensions), the pensions branch of the insurance company of the same name, has submitted an authorisation request for the 2nd pillar (com...
Licensing applications for compulsory pensions can now be submitted
Today, April 10th, begins the licensing period for the future managers of private compulsory pensions (the 2nd pillar), according to the schedule announced by the Pensions Commission (CSSPP)...
Analysts expect cuts on minimum compulsory reserves
The market is again divided before today's NBR (National Bank of Romania) meeting on monetary issue problems, with many analysts expecting to see a cut in the minimum compulsory reserves, wh...
Compulsory IBAN codes as of September
Compulsory IBAN codes as of September