Private pension funds
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Private pension funds have gained over 20% in the past year
Mandatory private pension funds (pillar II) and voluntary ones (pillar III) have in the past year registered an average yield of over 20%, way above the 4.5% inflation rate of the same period.
Another 33,000 employees distributed randomly in pension lottery
Managers of mandatory private pension funds were in for a surprise in February: the number of clients they were allocated as part of the random distribution system (lottery) climbed by 70% a...
Pension funds bet 70m euros on the Stock Exchange
Private pension funds have constantly boosted their capital market exposure in the past year, with their investments in listed stock now standing at 283m RON (67m euros), 16 times more than...
Pension investment managers expect lower yields this year
Private pension funds, which manage almost 2.6 billion RON in net assets, could see their earnings down against 2009 amid a decline in yields of government and corporate bonds, and amid less...
Pension fund yields after 11 months in business
Mandatory private pension funds (2nd pillar) recorded a 12.8% average yield, twice as high as the inflation rate in this period, of 6.45%.
Another two pension funds could change shareholders
At least two other mandatory private pension funds (2nd pillar) could change their shareholders in the course of this year, because they have few participants and will not be able to survive...
Foreigners offer yields as high as 20% to private pension funds
RON-denominated corporate bonds issued increasingly often by foreign institutions allow Romanian private pension funds to invest at yields as high as 20%, a lot higher than those of governme...
Romanian private pension funds, the only ones to make profit in the region
The Romanian mandatory private pensions market (pillar II) is the only one recording a profit in the region in 2008, while the others saw losses due to the collapse of the financial markets,...
Capped contribution will cut the amount transferred to pension funds by 80m euros in 2009
Maintaining the contribution paid to mandatory private pensions funds (2nd pillar) at 2% in 2009 would reduce by over 80 million euros the sum transferred into the accounts of the four milli...