Grawe Pension Services to join the optional pension market

Companies administering Pillar III funds which Grawe could sign contracts with for optional pensions are ING Asigurari de Viata, Aviva Asigurari de Viata, BCR Asigurari de Viata, Allianz-Tiriac Pensii Private and OTP Garancia Asigurari.

Grawe Pension Services has distributed the Vital private pension administered by BT Aegon, and by mid-January, the company’s 3,610 authorized marketing agents had 32,700 contracts, according to a company release. BT Aegon’s mandatory private pension fund reported 125,136 contracts. The contribution of Grawe’s agents amounts to some 26 percent of total contracts.

The Private Pension Supervisory Commission (CSSPP) has authorized 11,580 marketing agents with 25 financial societies.

Grawe Pension Services is part of Grazer Wechselseitige Versicherung (Grawe) Austrian group, which owns the Grawe Romania Asigurare insurance company and Grawe Consulting & Development International.