pension
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Pension firms' targets and achievements after 4-month battle
Only 3 of the 18 mandatory pension companies reached their initial sales targets, whilst the remainder failed to meet their original forecasts. ING, Allianz-Tiriac and Generali are the only...
Pension company ranking after four-month campaign
Almost 4.1 million Romanians have joined one the 18 pension funds on the market, which includes 920,000 in the last ten days. The last ten days of the mandatory pension campaign brought an u...
ING pension sale success due to consultants
The recent success of Dutch-based ING on the private pensions market can be attributed to one single character, who became famous over the four-month campaign that ended last week: the ING c...
Voluntary pension yields: -22.6 to 6.6% in 2007
The 7 voluntary private pension funds (pillar III) on the market last year registered yields of between minus 22.6% and plus 6.6%, with the first contributions collected in June. The yields...
Top 5 pension companies hold 83% of the market
ING, Allianz-Tiriac, Generali, Aviva and Interamerican have lured almost 2.2 million customers for the mandatory pension funds they manage, in the first two and a half months of operations....
Private pension association to elect board in January
The Association of Privately Managed Pensions in Romania (APAPR) has adopted a new statute and will elect its management in January, after the pension lottery takes place during the same mon...
Mandatory pension mergers, unattainable before March
No mergers or acquisitions can be sealed between mandatory pension companies or funds ahead of March 2008, when the pensions commission (CSSPP) will bring the specific secondary legislation...
Private pension market leaders adjust their targets
ING estimates it will have one million clients enrolled in its mandatory private pensions fund (the 2nd pillar) by Christmas, with the end-of-sales campaign target (January 17, 2008) now set...
2.6 million employees have already joined a pension fund
Over 2.6 million employees under 45 have already joined one of the 18 mandatory private pension funds (the 2nd pillar). Sales have seen a significant slowdown over the last two weeks, whilst...