November 20, 2017

Four pension funds to merge

Yesterday, the Private Pension System Supervisory Commission (CSSPP) authorized the merger of the facultative pension funds (Pillar III) managed by BRD Pensii Private, Generali Pensii Private, and Onix Asigurari, former OTP Asigurari. The pension funds managed by BRD Pensii Private, BRD Primo and BRD Medio merged, with the last one being the absorbing fund. In a different move, the Stabil fund, managed by Generali Pensii, took over OTP Strateg – absorbed fund, administered by Onix Asigurari, former OTP Garancia Asigurari. “The merger of the facultative pension funds (Pillar III) is conducted only with the initial approval of the majority of contributors to the pension fund that will be absorbed,” reads the CSSPP press release. A total 13 pension funds are authorized to operate within Pillar III, managed by 11 companies, with 252,283 contributors and net assets worth RON 413.59 M.

Source: Nine o’clock (read more)

Apply for as many jobs that might interest you as you can write my paper for me http://writemypaper4me.org find

Speak Your Mind

*

Click on the picture to try another code*

Click on the picture to try another code

Uncategorized
Powered by: