Voluntary pension plans had assets worth RON 5.19 billion at the end of May, up 29.4% year-on-year, according to a report by the Financial Oversight Authority (FSA).

„Most investments were made locally (96%), most of them being denominated in the lcoal currency, the leu (89.5%),” the report mentions.

According to the quoted source, the value of the contributions paid in May was RON 59.7 million, while the average contribution was RON 161.

Government securities held the largest share in assets, or RON 3.383 billion and 65.2%. In second place were shares, with RON 1.387 billion (26.7%). Corporate bonds were in third position, with RON 186.5 million, or 3.6% of total assets.

According to ASF data, Pillar III voluntary pension funds had 754,142 contributors in May 2024.

The following pension funds are active on Pillar III: Aegon Esential, Azt Moderato, Azt Vivace, BCR Plus, BRD Medio, Generali Stabil, NN Activ, NN Optim, Pensia Mea and Raiffeisen Accumulare.

AGERPRES