News » December, 2010 » 10 December 2010
Private pension funds keep secret the names of companies they invest in
10.12.2010, 00:12 | Finance-Banks | 756 views
Making portfolios transparent would increase the level of financial education and would make contributors less reluctant to invest their savings elsewhere other than in banks. Almost three years after the launch of the mandatory private pensions scheme, the so-called 2nd pillar, had over 470 million RON (110 million euros) in investments in equity and 500 million RON (118 million euros) in investments in corporate bonds. In total, private pension funds have nearly 1 billion euros in assets under management and five million contributors. Read more on ZF.ro
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