03.05.2025

Managers of Pillar II mandatory private pension funds and Pillar III voluntary private pension ones will be able to invest up to 10% of assets in mutual funds, from 5% at present, in line with a draft more

02.24.2025

Private pension fund total assets overshot RON160 billion in February, the equivalent of over 9% in GDP, after the number of participants reached 9.12 million at end-2024, in line with data provided more

02.16.2024

The mandatory private pension funds in Romania (Pillar II) in 2023 increased by nearly 3% their ownership stake in OMV Petrom (SNP.RO), the sole oil and gas producer in Romania and the largest more

03.16.2022

Romania will raise contributions to mandatory private pension funds (Pillar II) to reach 4.75% of contributors' gross wage from the current share of 3.75%, starting January 1, 2024, the government more

01.25.2021

Pillar II private pension funds generated an average yield of 6.2% in 2020, triple compared with the 2.06% inflation rate, despite the effects of the pandemic, stock declines in spring and uncertain more

01.20.2021

Romania’s Financial Supervisory Authority (ASF) plans to implement a unitary approach for the management of the stock market, insurance and private pension sectors, through the coordination of all more

01.12.2021

The assets managed by the seven private pension funds operating on Romania's mandatory segment (Pillar II) reached RON75.14 billion at the end of 2020, with RON13 billion amassed in 2020 alone. more

10.23.2020

The assets managed by private pension funds (Pillar II and Pillar III) reached RON72.58 billion (EUR14.8 billion) at the end of September, up 17.96% compared with September 2019, data from Romania's more

09.18.2020

The assets managed by private pension funds (Pillar II and Pillar III) in Romania reached RON68.57 billion (EUR14 billion) at the end of June 2020, up 6.31% compared with the December 2019, data from more

07.17.2020

The assets managed by private pension funds (Pillar II and Pillar III) reached RON62.55 billion (EUR12.96 billion) in the first quarter of 2020, up 17.56% compared with the first quarter of 2019, data more

05.22.2020

Assets managed by mandatory private pension funds (Pillar II) in Romania stood at RON61.87 billion at the end of April, up 18.4% compared with April 2019 and up 192.46% compared with five years more

04.03.2020

Romanian's private pension contributions are safe as the system is built for the long run, with 30-40 years of saving and balanced and cautious investment plans, which shields it from short-term more

01.16.2020

Mandatory private pension funds in Romania (Pillar II) had an average yield of 11.8% in 2019, the highest in the past nine years, the Romanian association for private pensions APAPR said in a more

01.08.2020

Romania's government will raise contributions to mandatory private pensions (Pillar II) to reach 6% of contributors' gross wage from the current share of 3.75%, finance minister Florin Citu said late more

12.13.2019

The assets managed by private pension funds (Pillar II and Pillar III) reached RON61.53 billion (EUR12.95 billion) after the first nine months of 2019, up 24.04% compared with end-2018, data from the more

10.07.2019

The assets managed by private pension funds (Pillar II and Pillar III) reached RON57.43 billion (EUR12.13 billion) in the first half of 2019, from RON45.6 billion in the first half of 2018, data from more

07.15.2019

The Romanian private pension system had 7.79 million contributors and managed assets totaling RON53.21 billion at the end of the first quarter of 2019, said Dan Armeanu, vice-president of the more

12.19.2018

The 7.2 million Romanians contributing to the mandatory private pension pillar known as Pillar II lost EUR300 million Wednesday as the government's planned tax measures caused stocks to plummet, more

09.05.2018

Contributions to the mandatory private pension pillar (Pillar II) totaled RON3.83 billion (EUR822.29 million) in the first half of the year, 11.86% higher compared with the same period a year ago, a more

05.15.2018

AmCham Romania (the American Chamber of Commerce in Romania), which represents over 430 American, multinational, and Romanian companies, on Tuesday called for the preservation of Romania's current more

04.18.2018

Transferring future private pension contributions to the public pension system would damage the capital market and hurt the country's budget deficit, financial analysts warn. more

11.08.2017

Romania's government on Wednesday approved an emergency decree lowering contributions to a mandatory private pension system known as pillar II to 3.75% from 5.1%. more

09.07.2017

Romanian Prime Minister Mihai Tudose announced Thursday on Digi 24 that pension pillar II won't be nationalized but might become optional as of 2018. more

08.25.2017

Romania's association for private pensions has called for a meeting with Prime Minister Mihai Tudose to discuss the government's analysis of state versus private pensions, the association said in a more

04.03.2017

Assets managed by private pension funds in Romania rose 27.16% on the year to RON32.99 billion (EUR7.26 billion) at the end of December 2016, according to data released Monday by financial regulator more