Mandatory private pension campaigns - EUR 45.2 million worth of total losses in 2007
The companies for mandatory private pensions (pillar II) experienced total losses amounting the EUR 45.2 million in 2007, according to the annual report published today by the Private Pension Supervisory Commission (CSSPP). The losses reflect only partially the companies’ investments to support the start of the system.
Given that nothing was collected in 2007 (the first collection round shall take place this month), all pension companies sustained losses in their books for last year.
