Managed Pension Funds

The Collaboration Agreement for the setting up of the Financial Platform, a project that aims to promote, in cooperation with stakeholder institutions, the principles of sustainable economic development and social progress, was signed by 11 representative institutions of Romania's financial industry, according to a release of the Romanian Association of Banks (ARB) sent to AGERPRES on Wednesday

Seven million Romanian contributors have 12.9 percent less in their retirement saving accounts because of the non-observance of the Pillar II contributions increase calendar, which resulted in the loss of both the money promised under law and of the money multiplication effect, argue Romanian Business Leaders (RBL) representatives.