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News
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Romanian pension funds returned 11% in the first 8 months of 2009
In a few words, here is the picture of the Romanian mandatory private pensions market, after the first 8 months of 2009:
- mandatory pension funds returned and average of 11.31% in the first 8 months of 2009;
- voluntary pension funds returned an average of 10.73% in the same period;
- all 25 funds returned net real values (above inflation rate) in the last 12 months;
- net assets of Romanian pension fund industry surpassed EUR 476mn.
Read more...
(14.09.2009)
|  2008 statistics show positive returns for the Romanian pensions market
The 2008 statistic data of the Romanian private pensions market are now
available in complete time series for all the core business indicators.
Briefly, the figures show increases at all levels, both in Pillar II
and Pillar III. Read more...
(10.02.2009)
| Mihai BOBOCEA, appointed Secretary General of APAPR, Romania's Pension Funds' Association
APAPR, Romania's Private Pension Funds' Association, has appointed
Mihai BOBOCEA as its first Secretary General, starting the 1st of
January. His new responsabilities include internal ansd external
communication, data gathering and dissemination, studies and research,
public affairs and PR and others, the Association noted in a press
release. Read more...
(13.01.2009)
| Romania's mandatory private pension funds post 7% nominal return for 2008, surpassing inflation
The 14 mandatory (2nd pillar) private pension funds on the Romanian
market posted a nominal weighted average rate of return of 6.96% for
2008, surpassing the rate of inflation, according to official data
published by APAPR, Romania's pension funds' association. The rate of
return stands for the first 7 months of operation for these funds (20th
May - 31st December); in this period, the real weighted average rate of
return was 2.4%-2.8% above the 4%-4.5% inflation in the same period.
Annualized, the rate of return would be 11.29% for the whole 2008, that
is about 4% in real terms. Read more...
(13.01.2009)
| INTERAMERICAN Pensions to merge with BANCPOST Pensions, the pension funds will merge too
INTERAMERICAN Pensions, the company managing Romania's 6th largest mandatory private pension fund (2nd pillar pensions), will merge with BANCPOST Pensions, which manages the 11th largest fund on the Romanian mandatory private pensions market, sources from the market told www.privatepensions.ro. The transaction will be announced today and needs regulatory approval to begin official proceedings. After the pensions companies will have merged, the two pension funds will merge too. The absorbed entity will be BANCPOST Pensions and its fund.
Read more...
(16.12.2008)
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