private pensions
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Will private pension assets reach the 1bn-euro mark?
The value of assets managed by mandatory private pension funds, pillar II, reached 4.15bn RON (967m euros) in late November, only 3% up from the previous month, according to the data provided by the Private Pension System Supervision Commission (CSSPP).
Pension companies curb losses
Managers of mandatory private pensions (pillar II) posted further losses last year, being still in the stage of recouping investments, but their funds registered significant profit increases...
ING puts insurance and private pensions division up for sale
Dutch group ING will put its insurance, private pensions and asset management companies on the Romanian market up for sale, companies that have over 2 million clients, as part of an extensiv...
CSSPP head: Not all people contributing to private pensions will have adequate pensions
The most important move that has to be made on the market of private pensions is to raise participants' contributions to the highest level the government can afford because otherwise the pen...
Broker Assess Finance seeks 800 sales staff
Assess Finance Group, set up a year ago by seven former managers in the BCR group, and which brokers insurance policies, credits, leasing services and private pensions, intends to hire 800 s...
Seitan: Companies can cut expenses by granting private pensions to employees
The financial crisis could stimulate companies to grant voluntary pensions (3rd pillar) to employees, because contributions to pension funds are deductible from the profit tax and, starting...
First year of private pensions brings 3.7m employees into the system
The first year since the launch of mandatory private pensions (2nd pillar), on September 17, 2007, saw almost 3.7 million euros in employee contributions, out of the total of around 4.3 mill...