Pensii Private
 About us  Contact  Site Map   Login   


Search
HomeNewsLegislationMarket playersPension FundsStatistics & DataEventsLinks & ContactTrends
 











News

Back

AVIVA filed for a second voluntary pension fund license


AVIVA Life Insurance filed the necessary documentation to CSSPP to get it’s second voluntary pension fund (3rd pillar) authorized - a higher-risk profile, growth fund, Shah ROUF, CEO of AVIVA Group in Romania, told www.privatepensions.ro.

"We wanted to have a second fund available for out clients, this time with a more dynamic investment profile, to meet our customers’ needs. We can already see the supply being diversified on the voluntary pensions market, process which includes the soon-to-come launch of our second fund", Shah ROUF said.

After it receives its license, AVIVA’s new high-risk voluntary pension fund could be the third one of its kind on the market, in the same league as AZT Vivace (managed by ALLIANZ-TIRIAC Private Pensions) and EUREKO Activ, the high-risk fund managed by INTERAMERICAN Pensions, also in authorizing procedures. After these licensing procedures, the Romanian voluntary pensions market could see four fund managers with two funds each: ING Life Insurance, ALLIANZ-TIRIAC Private Pensions, AVIVA Life Insurance and INTERAMERICAN Pensions and four managers with one fund each: BCR Life Insurance, OTP Garancia Insurance, RAIFFEISEN Asset Management and ASIROM Concordia.


22.07.2008

The most recent stories on this subject:
» Romanian private pension funds' assets reach EUR 1.33bn
» OANCEA: Half of the mandatory funds' participants own less than EUR 130 in their personal accounts
» XPRIMM's private pensions market awards 2011: And the winners are...
» CSSPP: Full disclosure of investment portfolios of pension funds, twice a year
» Proposal of full tax break for voluntary pensions waits for Parliament's decision
» Compared to the previous months, December brought an extra 10 million in the accounts of Pillar II participants
» Guarantee Fund Act was passed by the Senate
» Mircea OANCEA: we need speed up contributions enlargement in spite of crossing tough times
» 2010: A year with investment results that exceeded expectations
» A peek into the investment strategies of the Romanian pension funds



Archive












Copyright 2018 (c) privatepensions.ro
powered by Media XPRIMM