Value of assets in private pension system stands at 6.857 bln lei at end-2011

The value of the all-in assets managed in the private pension system stood at 6.857 billion lei (nearly 1.59 billion euros) at the end of 2011, with the share of the pensions funds' assets of GDP amounting to 1.25 percent, the Private Pensions System Supervisory Commission in Romania (CSSPP) informed on Monday.According to an analysis of the evolution of the private pension system in 2011, this increase compared to the latest estimates of 1.22 percent of GDP, made at the end of Q3, ...

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