Petru Dandea, Vice President of the conferation of national trade unions, CNS Cartel Alfa, estimates that in the next few years over 90 percent of the mandatory private pension (Pillar II) market will be controlled by up to four pension funds, while Paul Pacuraru, Minister of Labor, estimates that only 10 companies will remain active on Pillar II. Jiru Enache, General Manager of MKB Romexterra Fond de Pensii, one of the pension funds, concurs with this opinion.

Over 75 percent of the mandatory private pension market is dominated by the top four players, the rest divided between another 14 funds, according to data provided by the National House of Pensions and other Social Insurance Rights (CNPAS). The top four funds attracted 3.01 million subscribers of the 3.99 million Romanians validated by CNPAS. The top nine players control most of the mandatory pension market (96.6 percent), with 3.85 million subscriptions between 17 September 2007 – 17 January 2008. Those who did not subscribe to a pension fund (some 300,000-500,000 individuals) were invalidated by CNPAS and will be distributed by an randomly assigned to one of the 18 funds by computer.