Pensii Private
 About us  Contact  Site Map   Login   

HomeNewsLegislationMarket playersPension FundsStatistics & DataEventsLinks & ContactTrends



OANCEA: Voluntary pension funds will manage net assets of EUR 25 mln. by year-end

Voluntary pension funds (3rd pillar) will have assets under management of about EUR 25 mln. by the end of 2008, Mircea OANCEA, president of CSSPP (the Romanian pensions regulator), said recently to "Our estimates have been more optimistic up until now, but in the end a slower market growth for voluntary pensions is healthier. The voluntary pension funds will manage assets of about EUR 25 mln. by the end of this year, compared to EUR 11 mln. at the end of H1", he stated.

OANCEA also said that, based on companies’ expressed intentions to enter the voluntary pension market, he could estimate the number of operational voluntary pension funds at the end of this year to be of 11-12, compared to 8 in the present. At the same time, the number of voluntary pension fund’s clients would be 200,000, compared to 110,000 after H1.


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


Copyright 2018 (c)
powered by Media XPRIMM