Mandatory private pension brokers and intermediaries earned EUR 55 million
The brokerage market for mandatory private pensions (Pillar II) reached EUR 55 million, representing the commissions paid to legal entities acting as agents during the entire four-month campaign of selling mandatory pensions, according to the data in the annual report for 2007 of the Private Pension Supervisory Commission (CSSPP). The average commission collected by the brokers’ agents was EUR 43, according to the same data.
The brokerage in mandatory pensions meant a RON 188.76 million income (about RON 55 million) for the 50 brokers and legal entities acting as intermediaries on this market. Together, they brought 1.27 million clients in the system, of the 4 million from direct sales, meaning a contribution of almost 32%. We have included here brokers affiliated to pension companies that sold exclusively for them.
According to the data published by CSSPP today, the average commission collected for one client brought in the system by the brokers’ agents and the intermediaries was of approximately RON 150 (EUR 43). Also, the agents of the mandatory pension brokers earned RON 2,361 (EUR 680) in average each, concluding in average 16 contracts per agent.
Last month, www.privatepensions.ro published the top of mandatory pension brokers ranked according to the number of clients they brought in the system. The biggest mandatory pension brokers in this four-month enrolling campaign are BROKERPOOL, FINCOP and SALVE CLUB.
