Will private pension assets reach the 1bn-euro mark? - financiare.ro
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News » December, 2010 » 17 December 2010

Will private pension assets reach the 1bn-euro mark?
17.12.2010, 00:04 | Finance-Banks | 442 views



The value of assets managed by mandatory private pension funds, pillar II, reached 4.15bn RON (967m euros) in late November, only 3% up from the previous month, according to the data provided by the Private Pension System Supervision Commission (CSSPP).

Thus, reaching the 1bn-euro mark in terms of assets by yearend, which the entire market had expected, is still uncertain as the sum of contributions transferred from the state budget, plus the yields generated from investments must hit 33m euros in December.

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