A study carried out recently by Aviva Romania into the system of private pensions reveals that 81.1% of Romanians are worried about maintaining the same standard of living after retirement.
A study carried out recently by Aviva Romania into the system of private pensions reveals that 81.1%1 of Romanians are worried about maintaining the same standard of living after retirement. At the same time, research carried out by the Aviva group worldwide reveals that one in two people2 have concerns that they are not saving enough for their retirement.
In order to come to the aid of those who are worried about their financial situation in retirement, Aviva Romania has made a pensions calculator available to them on our website www.aviva.ro.
Shah Rouf, director general of Aviva Romania, stated: "It's quite difficult for us to calculate precisely the amount that we need to save now in order to have an old age free of worry. The pensions calculator on our secure website www.aviva.ro offers you a guide to estimating the amount that you would have to save per month in order to achieve the desired objective.
"Planning for our financial future now becomes a simple task and something within everyone's reach; by inputting certain details, such as your desired income post-retirement or your current age, the pensions calculator can provide you with a faithful illustration of the monthly savings which you would have to make now.
"Every one of us often thinks about what we should do to ensure for ourselves a retirement free of financial worries, and this pensions calculator assists us in taking into consideration the solution of investing modest amounts right now in order to achieve a future free of financial worries," Shah Rouf added.
The calculated amounts are only estimates and are not of a contractual nature. They do not represent an accurate quotation for the amount that you might receive. Actual figures may vary based on individual circumstances.
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For further information:
Giliola Ignat
Telephone: 021 203 83 73
Note for editors:
1Local research carried out between May and June 2006 for Aviva Romania by the ISRA Center in collaboration with Roland Berger
2Research carried out by Aviva group.
About Aviva
Aviva is the fifth largest insurance group and the biggest provider of insurance products in Great Britain. We are one of the market leaders for pension and life insurance products in Europe, recording sustained growth in the area of long-term savings on the markets of Eastern Europe and Asia, Australia and the USA.
Our main activities consist of long-term savings products, administration of investment funds and general insurance policies. Our income from premiums and sales is £35 billion and £332 billion of administered assets. We have 58,000 employees serving 35 million clients worldwide.
Aviva Life Insurance officially started trading on 11 October 2000 under the name of Commercial Union Life Insurance, with seven outlets spread out over the whole country. The company currently boasts a sales team of over 1,000 consultants and managers and a network made up of 19 agencies and 4 development centres.