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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Biggest Romanian private pension account is worth EUR 0.285 mln

The largest private pension account under Pillar 2 has a value of RON 1.4 mln (EUR 285,000), as reported by the financial market regulator ASF.

ASF does not disclose the identity of the contributor or the identity of the fund manager that holds in its portfolio the biggest account.

For comparison, the average value of a private pension account was RON 10,670 (just over EUR 2,000) at the end of March 2021, 8.2% more compared to the same period of the previous year. The average may be misleading since a large number of accounts are close to empty.

"The distribution of the value of the participants' accounts shows a high concentration, 62% of the assets being held by only 20% of the participants. The largest account has a value of RON 1,403,760, while the smallest has a value of RON 1. At the same time, over 20% of participants hold assets below the value of RON 1,000," according to the private pension report for Q1, 2021, published on June 8 by ASF, Alephnews.ro reported.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Biggest Romanian private pension account is worth EUR 0.285 mln

The largest private pension account under Pillar 2 has a value of RON 1.4 mln (EUR 285,000), as reported by the financial market regulator ASF.

ASF does not disclose the identity of the contributor or the identity of the fund manager that holds in its portfolio the biggest account.

For comparison, the average value of a private pension account was RON 10,670 (just over EUR 2,000) at the end of March 2021, 8.2% more compared to the same period of the previous year. The average may be misleading since a large number of accounts are close to empty.

"The distribution of the value of the participants' accounts shows a high concentration, 62% of the assets being held by only 20% of the participants. The largest account has a value of RON 1,403,760, while the smallest has a value of RON 1. At the same time, over 20% of participants hold assets below the value of RON 1,000," according to the private pension report for Q1, 2021, published on June 8 by ASF, Alephnews.ro reported.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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