06/08/2021 | Press release | Distributed by Public on 06/08/2021 07:50
Bucharest, 8 June 2021 -The private pension market was least affected by the COVID-19 pandemic, given its long-term savings and investment policy. Over time, there have been episodes of volatility that marked private pension funds, but their assets recorded overall growth from one period to another.
At the end of March 2021, the private pension funds (Pillar II and Pillar III) accumulated 83.34 billion lei in total assets, 33% more compared to the previous year. The total assets of the private pension system were 7.9% of the GDP.
The share of investments in fixed income securities represented, at the end of the first quarter of the year, 71% of the total investment portfolio of private pension funds, while 24% were investments in shares.
Privately managed pension funds - Pillar II (January-March 2021)
Voluntary pension funds - Pillar III (January-March 2021)
The comprehensive report on the evolution of the private pension market in the first quarter of 2021 can be found HERE.