pensions
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BT and Aegon target 15% of the mandatory private pensions market
BT Aegon, a joint venture between Banca Transilvania and the Dutch life insurance company Aegon, targets the top spot among the top five companies managing mandatory private pensions, announ...
Grawe: Pensions could see cause drop in life insurance sales
Sales of life insurance policies could witness a decline in the second half of this year, as companies' agents turn their attention to the distribution of mandatory pensions, believes Peter...
Brokers develop taste for private pensions
Insurance and pension brokers have started to show an interest in the distribution of private pensions, a fact proven by the authorisations issued by the Private Pension Supervision Commissi...
OTP expects 270,000 clients on private pensions market
The financial group OTP, which currently owns both a bank and an insurance company on the domestic market, estimates it will attract 270,000 clients on the private pensions market by the end...
12 companies awaiting licensing for mandatory pensions
So far, no company has been licensed as a manager of mandatory private pensions, but as many as 12 companies are on the waiting list. The last three companies to have submitted a formal appl...
Eureko: Romania's private pensions system, one step ahead of Europe
Romania's private pension system, which is in the process of being launched this year, has been described as "bold" and "cleverly designed", by Maarten Dijkshoorn, chairman and chief executi...
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...