pensions
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Banks account for less than 10% of mandatory pensions
The 7 banks which have had a direct involvement in the management of mandatory private pensions (pillar II) together have a less than 10% market share, after the first 3 months of selling su...
Mandatory private pensions: almost 3 million clients in three months
More than 2.93 million employees under 45 years of age have already chosen a fund for their mandatory private pension (pillar II) in the first three months since joining one has become possi...
Mandatory private pensions: 2 1/2-month official results
Over 2.6 million employees under 45 have joined one of the 18 mandatory private pension funds (pillar II) within the first two and a half months since the start of the sales campaign, accord...
Romania, region's no. 2 mandatory private pensions market
The Romanian private pensions market could become one of the most concentrated markets in the whole of Central and Eastern Europe. Regionally, one third of the funds on the market cumulate o...
Allianz-Tiriac: 20,000 clients for voluntary private pensions
Allianz-Tiriac Pensii Private (Allianz-Tiriac Private Pensions) has exceeded the 19,000 client-mark for its two voluntary private pension funds (the 3rd pillar), company representatives told...
3% of employed population sell private pensions
For the moment, the number of authorised agents has ceased to rise because authorisation of the sales force has finished. The figure of 251,000 sales agents means that 2.8% of Romania's tota...
Advertisements for private pensions total 41m-euro
Private pension managers have invested 40.8 million euros (rate card figures) in the promotion of private pension products during the first month, according to data provided to ZF by the mon...
Officer pensions cost public 1 billion euros
The number of pensioners formerly employed by the Interior and Defence Ministries, along with those from the special services (Romanian Intelligence Service, Foreign Intelligence Service, Gu...
Banks start sale of mandatory pensions on the wrong foot
The seven banks already involved in the mandatory private pensions market (pillar II) by establishing management companies have collected only 8% of the total number of participation contrac...