11 May 2021 - At the end of the first quarter of 2021, mandatory private pension funds increased by one third in terms of total assets, compared to the same period last year, thus exceeding the threshold of 80 billion lei.
The President of the Financial Supervision Authority, Mr. Nicu Marcu, states that “Mandatory private pension funds continue to have a solid evolution, which is a remarkable thing, considering that we are going through a less favorable period from an economic point of view. The sustained growth rate confirms the stability and resilience of the private pension system, as well as its ability to develop and generate long-term benefits for participants. "
”However, the vast majority of participants are randomly allocated. Better information and more accurate knowledge of the private pension market, offers the chance to those who contribute to these funds to make decisions which are not only responsible but also fully in line with their interests", said the President of the Financial Supervision Authority, Mr. Nicu Marcu.
The private pension market has evolved positively throughout its operation, managing to overcome the episodes of volatility over the years, having at the end of last year the largest share in GDP in non-banking financial markets, around 7.5%.