11.01.2012

Romania’s private pension system administrator CSSPP wants to forbid mandatory private pension fund administrators to invest in private equity funds, and the measure will impede investments in the more

09.20.2012

The number of participants whose contributions were transferred to mandatory private pension funds (Pillar II) reached 3.58 million in August, accounting for 62.87% of total participants, up 1.4% from more

09.19.2012

The assets of Romania's mandatory (Pillar II) and voluntary pension funds (Pillar III) will increase to EUR11 billion in the next five years, from EUR2 billion at the end of August, Mihai Coca-Cozma, more

09.19.2012

The number of private pension funds on the mandatory pension segment (Pillar II) will drop to six from the current nine, through mergers and acquisitions expected over the next five years, an official more

08.24.2012

Romania's mandatory private pension funds (Pillar II) reported net profit of 335.81 million lei (EUR75 million) in the first half of 2012, up almost 2.5 times on the RON138.94 million posted in the more

08.20.2012

Romania's mandatory and voluntary private pension funds gained 332,190 contributors between July 2011 and July 2012, growing from 5.34 million to 5.67 million participants, according to data published more

05.31.2012

About 16% of employers in Romania offer voluntary private pension and other savings plans as benefits to their employees last year, down 8 percentage points compared with 2010, according to a survey more

05.21.2012

The Romanian voluntary private pension fund market (Pillar III) has a high growth potential considering that about 3.5 million people have financial resources to pay pension contributions in the more

05.11.2012

The nine mandatory private pension funds (Pillar II) were managing 7.5 billion lei (EUR1.7 billion) at the end of April after RON260 million entered the accounts of the 5.6 million contributors, more

05.08.2012

Romania's Government and the IMF have discussed refunding pensioners their health insurance payments in 16 installments, corresponding to the 16 months (January 2011-April 2012) during which they were more

01.31.2012

The weighted average yield of Romania's mandatory private pension funds (Pillar II) between May 2008 and December 2011 was 11.7%, more than double the annual average inflation rate for the period, more

01.30.2012

The assets of Romanian mandatory (Pillar II) and voluntary (III) private pensions will exceed EUR2.3 billion by the end of this year, from around EUR1.6 billion in December 2011, due to increased more

01.26.2012

The Bucharest Court of Appeals cancelled a 391,809 lei (EUR90,286) fine applied by the Competition Council in 2010 against private pension fund BCR Pensii for breaching the law regulating the more

01.25.2012

Companies could reduce staff expenses by 1.4% and raise profit by up to 7% if they offered employees voluntary private pension instead of bonuses or wage increases, according to the Romanian Private more

01.23.2012

The net assets of Romania’s private pension funds might rise to 1.66% of the gross domestic product by the end of the year, from 1.22% in September 2011, when they reached 6.2 billion lei (EUR1.4 more

01.10.2012

Clients of private pension funds would have earned twice as much if they had they placed their money in banks. more

01.06.2012

Romanian mandatory private pension funds (Pillar II) posted a cumulated profit of 108.4 million lei (EUR24.9 million) in 2011, down 72% on the year, due to the reduction of the weighted average yield more

11.24.2011

Mandatory private pension funds have narrowly escaped the severe corrections recorded on the stock exchanges under the impact of the sovereign debt crisis and posted yields of up to 5.7% over the past more

11.22.2011

Several hundred pensioners are protesting Tuesday outside the Government building in Bucharest over the Government’s recent announcement that it will freeze pensions next year too. more

11.15.2011

The net assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) reached 6.45 billion lei (about EUR1.48 billion) at the end of October, up 4.01% on more

11.01.2011

Romanian private pension system regulator CSSPP cut by 0.13 percentage points to 1.22% its estimation regarding the weight of private pension funds’ assets in the gross domestic product at the end more

10.25.2011

The average annualized yield of Romania’s mandatory private pension funds and voluntary pension funds reached 12.1% and 7.4%, respectively, since they were set up, and exceeded the average annual more

10.21.2011

Mandatory private pension funds have sheltered from the sovereign debt crisis by investing preponderantly in government bonds, seeking to offset the significant losses recorded by shares, as well as more

10.06.2011

The Bucharest Court of Appeals cancelled a 150,301 lei (EUR34,850) fine applied by the Competition Council in 2010 against private pension fund Aegon Fond de Pensii for breaching the law regulating more

10.04.2011

The privately managed mandatory pension funds (pillar II) experienced for the first time the anxiety of extensive stock market corrections, watching declines of over 20% in Bucharest, Warsaw, Athens more