Voluntary pensions market diversifies its offers

The most recent emergence of two voluntary private pension funds (AZT Vivace and ING Optim) has significantly diversified the offer of products on the pensions market, which is indicated in two funds’ prospectuses, made available to ZF by both fund management companies. The AZT Vivace fund, managed by Allianz-Tiriac Pensii Private (Allianz Tiriac Private Pensions) comes with a high risk – which makes it the highest risk fund on the market- investing up to 50% of its assets in listed shares on the capital market. The maximum limit allowed under legislation is 50%, with the limit in this fund’s case standing at 45% at the moment.. As for the ING Optim fund, it carries a medium risk profile, with an investment strategy allowing the investment of 5-35% of its assets in listed shares. Additionally, the fund has a system of guaranteeing contributed net sums. In other words, upon retirement, the client cannot receive less money than they have deposited (a sum out of which management fees are deducted).