Mergers and newcomers on the pension funds market

The private pensions system regulating authority, CSSPP, approved on Thursday the absorption of the Bancpost fund by Interamerican. The Bancpost Privately Managed Pensions Fund has 23,542 participants, with assets worth 5.09 million RON), while Interamerican has over 250,000 clients, the assets reaching 46.6 million RON. The obligatory private pensions market has total assets of 949 million RON (221.99 million Euros). On the optional pensions market, the authority approved the formation of the Stabil fund, managed by Generali Private Pensions Fund. Stabil is the eleventh player on the market.