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Private pensions, five years on: where do we go from here?

Private pensions have witnessed steady development in the five years since they became available locally, despite the delays caused by the financial crisis that has engulfed Europe. Alexandra Lopotaru speaks to fund managers to evaluate the ups and downs of an industry on which the living standards of future generations depend.

November 2012 - From the Print Edition

3 Photos
It's now five years since the dawn of a brand new industry in Romania, the private pension system, on a market where one employee currently pays the pension of 1.14 retirees, according to data from the Labour Ministry.
Market players are content with how things have progressed, to the point where there are currently 5.7 million contributors to compulsory private pension schemes (Pillar II) and almost 300,000 to optional private pensions (Pillar III), according to data from the Association f...

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