APAPR proposed CSSPP several improvements for the private pension system
Yesterday the management of the Association for the Privately Administered Pensions from Romania (APAPR) proposed to the management of CSSPP several measures intended to improve the private pension system, including new measures for special administration, the increase of fiscal deductibility for voluntary pensions (pillar III), measures for the fair assessment of the pension funds' assets and for reducing the number of participants' fraudulent transfers between mandatory pension funds (pillar II), according to an announcement made by APAPR today.
"The discussions were consultative and efficient, but at principle level. The board members of CSSPP and the members of the Association's Steering Committee informed each other on the market's developments and on certain measures needed to improve the private pension system", says Crinu ANDANUT, president of APAPR and CEO of ALLIANZ-TIRIAC Private Pensions. The management of APAPR and CSSPP convene on a monthly basis, as well as in extraordinary sessions, if necessary.
The management of APAPR also announced that the Association has already established six specialized commissions (investments, legal, operations, financial-accounting, actuarial and disciplinary), intended to structure the technical aspects of the discussions held by the top management, conducted at "principle level", added ANDANUT.
