Interamerican Pensions enters on the 3rd Pillar

The Interamerican Pensions Company has handed in the documents required in order to be authorized as voluntary pension administrator. “The success obtained on the mandatory private pensions market, by being positioned in top 5 pension administrators and the decision of the main shareholder of the company, Eureko BV, of investing another 3,2 million euro in the pension company are well-founded reasons for activating also on the voluntary pension market”, the general director of Intermarican Pensions, Besim Jawad, stated. The company requested the authorization of two voluntary pension funds, namely Eureko Confort (a medium risk level) and Eureko Activ (high risk level). Eureko Confort fund will invest 70% of the assets in instruments with a fixed income and 30% in shares, while for Eureko Activ the weight will be of 55% in instruments with a fixed income and 45% in shares. For both funds the administration tax of the assets will be 0% in 2008 and 2009.

On the 2nd Pillar, after three rounds of collecting, the Interamerican fund, has assets of 14 million lei and a share market of 4,8%, drawing in about 265.000 participants. “We consider that the impact of the private pension campaign will positively influence the voluntary pension funds in order to touch on long term the real potential of increase”, the director of Intermarican Pensions outlined.
Since 1995 on the Romanian market of insurances, the Interamerican Company is member of the European financial group Eureko since 2001.