|
|
 |
|
| |
News
|
|
|
Romanian private pension funds' assets reach EUR 1.33bn
The net assets under management by the Romanian private pension funds
reached EUR 1.33bn at the end of April 2011, data published today by the
CSSPP, the pensions watchdog, shows. In local currency, the net value
of managed assets surpassed RON 5.43bn, this representing combined
figures for both mandatory (2nd Pillar) and voluntary (3rd Pillar)
pension funds. Read more...
(11.05.2011)
|  OANCEA: Half of the mandatory funds' participants own less than EUR 130 in their personal accounts
The rather small contribution level and the low contribution density to
the mandatory private pension funds (2nd Pillar) are the main reasons
why half of the funds' participants currently have less than RON 500
(cca. EUR 130) in their personal accounts with the pension funds, said
Mircea OANCEA, Chairman of the CSSPP, the pensions watchdog, talking at a
pensions conference recently. The head of the pension markets'
supervisory authority also re-stated his belief in the necessity to
increase the contribution level faster than the system's initial plans,
and also reschedule the contribution calendar to reach 8% instead of 6%
in 2016. Read more...
(10.05.2011)
|  XPRIMM's private pensions market awards 2011: And the winners are...
The fourth edition of the Private Pensions Market Awards Gala recently
emphasized the outstanding market results of 2010, in the context of a
year so difficult from both an economical and political perspective.
PRIMM Magazine - Insurance & Pensions awards this year were designed
to capitalize personal efforts, financial success as well as the
ongoing struggle to financially educate the public. Read more...
(10.05.2011)
|  CSSPP: Full disclosure of investment portfolios of pension funds, twice a year
The Council of the CSSPP, Romania's pensions watchdog, recently approved
secondary legislation providing for full disclosure of the investment
portfolios of all pension funds twice a year, with a lag of aprox. 3
months. All fund managers have already undergone the first step in this
supplementary transparency exercise by publishing detailed investment
information for the end of 2010 on their websites. Read more...
(10.05.2011)
| Proposal of full tax break for voluntary pensions waits for Parliament's decision
Romanian MPs have been discussing a law modifying the Fiscal Code during
the last few weeks, but the debates were postponed because of domestic
political matters. Among the hot issues of the proposed new fiscal
regulations was one regarding the extension of tax deductions for
contributions made to voluntary private pension funds (3rd Pillar), but
this particular amendment is still under scrutiny by the deciding
Commissions in the Chamber of Deputies, the lower chamber of the
Parliament. The Romanian pensions industry has been supporting this
amendment for quite some time now, and the proposal is also favored by
the CSSPP, the private pensions' system watchdog. Read more...
(10.05.2011)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Copyright
2012 (c) privatepensions.ro
 |
|
|
|
| |
