mast image

Special Report

Impact investing

Sections

Pension funds will change Romania - National Bank

Related images

  • Pension funds will change Romania - National Bank

ROMANIA - Private pension funds will change the financial landscape of Romania, accelerate the development of the equity and bond markets, according to the National Bank of Romania.

The bank's financial stability report for 2008 expects substantial growth in private pensions in the coming years, as reported on the Pensii Private website.

Romania's system is built on the same World Bank model as Poland, with private-sector providers competing for individuals' money in the mandatory pillar.

Assets from this source are worth €52m while the voluntary, third-pillar pensions will have about €25m by the end of this year, according to the pensions regulator.

Both forms of saving are less than a year old, however. One asset manager, BCR Asset Management, believes the second pillar alone will grow to €1.6bn by 2010 (see previous story 'Romanian pension assets to reach €224m by year end').

The latest entrant to the voluntary sector is likely to be Interamerican, which has applied for a licence for the Eureko Confort and Eureko Activ vehicles. Interamerican already runs the sixth-largest mandatory pension fund.
 

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2543

    Asset class: Search of an Asset manager / Advisor managing / Advising a risk-based equity derivatives overlay program.
    Asset region: Global Developed Markets Equities, Global Emerging Markets Equities, Swiss Equities.
    Size: CHF 700-2100 million.
    Closing date: 2019-06-17.

  • QN-2544

    Asset class: Transitional Real Estate Debt.
    Asset region: North America (USA/Canada).
    Size: $50-100mn.
    Closing date: 2019-06-17.

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

Begin Your Search Here
<