The most productive pension funds

Last year, mandatory private pension fund (Pillar II) administrators lost RON 164.8 million (€45 mln), due to major expenses relating to promotion, IT systems, and employee salaries. The funds will begin receiving payments as of 20 May.

Losses registered by ING Fond de Pensii and Allianz Tiriac Pensii Private, which attracted some 58.8 percent of participants, represented only 29 percent of total losses for the 18 Pillar II companies.

Interamerican ranks first in terms of losses, at RON 29.38 mln (€8.02 mln), and ranks fifth in terms of market share.

Brokers obtained fees worth RON 188.76 million (€51.55 mln) from the Pillar II adhesion campaign, attracting 1.26 million subscribers of the total 3.99 million.

Some 95 percent of ING Fond de Pensii portfolio (1.3 million clients) was attracted by marketing agents, with the remaining 5 percent attracted by pension brokers.