pensions
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State could stimulate employees through voluntary pensions
Public institutions should contribute to the voluntary private pensions (pillar III) system on behalf of their employees in order to motivate workers and curb pressures on the public pension...
Large banks utilise networks for private pensions distribution
The majority of top-ranking banks on the Romanian market have started to utilise their branch networks for the distribution of mandatory private pensions (the 2nd pillar). Some banks broker...
Government cuts funds for wages and roads to pay for pensions
After four years in office, the Government has shifted its focus from transport and infrastructure to education, pensions and social security, with regard to the budget. The 2008 budget focu...
Number of mandatory pensions agents exceeds 210,000
The authorised sales force for the mandatory pensions market (the 2nd pillar) reached 211,000 sales agents at the end of last week, according to data published by the Private Pensions Superv...
How many customers will join mandatory private pensions?
The number of customers will have a crucial impact on the contribution accumulation pace and implicitly on these funds' early performance, say management companies. These have recently upwar...
Voluntary pensions receive contributions from 14,500 clients
The number of clients that contributed to voluntary pensions exceeded 14,500 in late September, according to data published by the Private Pensions Supervision Commission (CSSPP). Compared w...
ING has 333,000 signatures for mandatory pensions
ING Fond de Pensii (ING Pension Fund) has secured over 333,000 signatures for mandatory private pension contracts (the 2nd pillar) in the first two weeks since the launch of the system, comp...
CNPAS prepared for first reports on mandatory pensions
The National House of Pensions and other Social Insurance (CNPAS) is ready to start its process that keeps track of participants for mandatory private pensions (the 2nd pillar), Mariana Camp...
Voluntary pensions market: 20,000 clients
The number of clients for voluntary private pensions (the 3rd pillar) had almost reached 20,000 on September 21, four months after the initial authorisation of the funds, according to data p...