In the first two months since the launch of voluntary pensions, Romanians have expressed their enthusiasm about the benefits offered by this savings product, but they have been hard to convince when it comes to buying one of these products.
In the first two months since the launch of voluntary pensions, Romanians have expressed their enthusiasm about the benefits offered by this savings product, but they have been hard to convince when it comes to buying one of these products. The month of July, however, showed a positive change in this story, reflected, amongst other things, in the number of signed application forms for voluntary pensions from across the whole market.
For Aviva Life Insurance, the month of July marked 867 sales of voluntary pensions.
So in total, on 31 July, the number of those who had opted for the Pensia Mea voluntary pension product offered by Aviva had reached 1197.
Shah Rouf, CEO Aviva Group Romania made the following statement with regard to the results recorded to date: "Sales of voluntary pensions have shown a promising rate of growth month on month, the factors which have influenced this growth being the tax advantages offered by the legislation in force and the international experience of the Aviva group in the pensions sector.
"We expect sales in pillar III to continue to increase, especially against the backdrop of the launch of pillar II. We are also relying in this regard on a much more prominent raising of awareness of the Romanians' need to save for their retirement."
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The point of contact for further information is:
Giliola Ignat
Telephone: 203 83 73
E-mail: giliola.ignat@aviva.ro
Note for editors:
Sales distribution by month is as follows: May - 105, June - 225, July - 867 (illustrated in the following graph).
The monthly distribution for the volume of accumulated net assets was as follows: at the end of May - 8637.06 RON, at the end of June - 9920.24 RON, at the end of July - 36,044.34 RON (illustrated in the following graph).
Aviva Life Insurance SA and Aviva Administration Company for a Private Pension Fund SA are part of the Aviva group, the largest insurance company in Great Britain and one of the most powerful financial groups in the world. The Aviva group is the market leader for pensions and life insurance schemes in Europe, occupying leading positions on most of the markets in which it operates. The group administers €535 billion worth of assets, representing the money of over 40 million clients worldwide. In Romania, Aviva has over 430,000 clients, and agencies and development centres in 23 towns and cities.