INTERAMERICAN Pensions announced filing for a voluntary pensions management license, in roder to get two funds authorized and thus enter the Romanian 3rd pillar market. The pension funds will be EUREKO CONFORT (medium risk profile) and EUREKO ACTIV (high risk profile). "The success we had on the mandatory pensions market, reaching a top5 position, and our shareholder EUREKO’s decision to invest another EUR 3.2 mln. into our company is reason enough for us to enter the voluntary pensions market”, said Besim JAWAD, CEO of INTERAMERICAN Pensions.
EUREKO CONFORT, voluntary pension fund with a medium risk profile, will invest the participants’ money into fixed income instruments (70%) and into shares (30%). The higher risk EUREKO ACTIV fund will invest 45% in shares and 55% in fixed income instruments. INTERAMERICAN also announced they will not charge the asset management fee for the funds participants during 2008 and 2009, just like they do with the mandatory pension fund.
INTERAMERICAN is a member of the EUREKO group, which has a presence among 12 European states and 22,000 employees. EUREKO is one of Europe’s largest insurance and pensions financial group, havin a net income of EUR 979 mln. in 2007.
