If they could turn back time by one-two years 54.63% of Romanians would have started up a savings plan in order to have access to a cash reserve in times of international economic crisis, such as these.
If they could turn back time by one-two years 54.63% of Romanians would have started up a savings plan in order to have access to a cash reserve in times of international economic crisis, such as these.
The Easter holidays represent a very important time for all of us and at the same time they are an opportunity for reflection and analysis of the financial situation viewed through the prism of previously-made decisions. This is the starting point for the survey conducted by Aviva Romania in April, throughout the whole country, and its findings have shown that most people know what they should be doing now in order to have better material circumstances in the future, but they don’t act accordingly.
- 48.57% say that if they could turn back the clock by one-two years they would have chosen to invest larger amounts, and 52.5% of these wish that they had been suitably inspired at that time to invest in euros
- 57% of Romanians think that the current financial situation is entirely due to decisions taken one-two years ago, and 37.38% of these believe that if they had saved/invested a sum of money at that time, they would have been in a better financial situation now
- 49% would have saved more, and a quarter of the population would have taken out less credit or credit of a lower value
- 65.1% of respondents think that in order to have a decent income in retirement you have to save constantly or invest an amount, even if it’s only a small amount, provided it’s done constantly; in reality the number of those who act in this way is very small.
“We launched this survey just before the Easter holidays in order to demonstrate that people’s needs do not change, regardless of the time of year or events such as the financial crisis. Caring for loved ones or the length of retirement are ongoing concerns for all Romanians and, although the survey shows that all of us are aware of these things, the real danger is the fact that people do not act in accordance with these concerns. But the good news is that it is never too late to plan for your financial future,” Shah Rouf, CEO of Aviva Romania, stated.
“Our advice is to go to financial service providers with pedigree and experience, such as Aviva, in order to take advantage of free financial planning for your own needs, so that we can protect the important things in life and have a decent living in our old age,” Shah Rouf went on.
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For further information:
Lavinia Pavel – Brand Communication Coordinator
Telephone: 0723 310 378
E-mail: lavinia.pavel@aviva.ro
Notes for editors:
None of the findings of the Aviva survey may be reproduced without quoting the source: Aviva Group Romania.
About the Aviva Group
Aviva is the oldest insurance group in the world and the largest in Great Britain, dating back to 1696. Today, Aviva has 57,000 employees and 45 million customers in 27 countries across the world.
The group is the market leader for life insurance and pensions in Europe, leading on the majority of the markets in which it operates.
Aviva has revenue from insurance premiums and investments totalling 51.4 billion euros and manages over 381 billion pounds’ worth of funds *, putting Aviva in fifth place in the top flight of international insurance companies.
Aviva Group Romania
Aviva Group Romania includes three companies: Aviva Life Insurance, Aviva Management Company for a Private Pension Fund, Aviva Investors Romania (purchased on 30 November 2007).
About Aviva Life Insurance and Aviva Management Company for a Private Pension Fund
Aviva began operating as a provider of life insurance in Romania in 2000. On 26 July 2007, Aviva received approval from the Oversight Committee for the System of Private Pensions to set up a company to administer private pensions (Aviva Management Company for a Private Pension Fund SA), and on 25 August 2007 received authorisation to administer its mandatory pension fund – Pensia Viva.
About Aviva Investors Romania
Aviva Investors Romania currently administers 9 **million euros in 4 open-ended investment funds, 2 closed-end funds and a significant number of managed portfolios. The open-ended investment funds managed by the company are each based around a different type of investment: Aviva Investors (AI) Intercapital (a shares fund), AI Capital Plus (a diversified fund), AI Orizont (a fixed-income – bonds – fund) and AI Tezaur (a monetary fund).
Aviva Investors Romania has shown throughout the years that it is one of the most dynamic and innovative administrators in the market. The company launched the first commission-free sales fund on the Romanian market (AI Tezaur) and the first bonds fund in Romania (AI Orizont). Aviva Investors Romania is also proud to support the growing investment funds market in Romania.
* according to data recorded on 31 December 2008
** according to data recorded on 31 January 2009