INTERAMERICAN to begin selling voluntary pensions in Romania in October
INTERAMERICAN Pensions estimates they will begin selling voluntary
pensions (3rd pillar pension) in October, after they will receive the
authorisation license for the two funds from CSSPP, the Romanian
private pensions regulator, Besim JAWAD, CEO of INTERAMERICAN Pensions,
told privatepensions.ro. The two voluntary pension funds, EUREKO Activ
and EUREKO Moderat, will have a high investment risk profile (Activ)
and a moderate one (Moderat).
Romania's voluntary pensions market consisted of eight funds, 117,000 participants and net assets under management of only 13.3 EUR mln. at the end of July. Four other pension funds are now in authorisation procedures, out of which two belong to INTERAMERICAN. The official estimates for the market are 200,000 participants and assets worth EUR 25 mln. until the end of this year.
18.08.2008
