Private pension funds in Romania accumulated assets of 155.49 billion RON at the end of September 2024, up by 28% compared to the same period of the previous year and by 18% compared to the end of December 2023, shows the "Report on the evolution of the system of private pensions in the first nine months of 2024", of the Financial Supervision Authority.
Thus, at the end of the third quarter of 2024, privately managed pension funds (Pillar II) accumulated assets in the amount of 149.95 billion lei, 18% more than in December of the previous year. Voluntary pension funds (Pillar III) accumulated assets worth 5.54 billion lei, 17% more than at the end of last year.
Financial instruments from the portfolios of private pension funds that are traded on financial markets are valued by mark-to-market, regardless of the time period for which they are expected to be held in the portfolios. In this situation, the evolution of the unitary value of the net asset of the private pension funds may include, in the short term, potential episodes of volatility, being influenced by them.
However, the investment horizon of private pension funds is a long-term one, the funds demonstrating good resilience following the shocks that affected the financial markets in the past.
On September 30, 2024, 9.03 million participants were registered in the 17 private pension funds, at the end of the previous year a number of 8.86 million participants were registered. The number of participants registered in the privately administered pension system on September 30, 2024 was 8.24 million people, compared to 8.15 million people registered in December 2023, and the number of participants registered in the optional pension system was 793,000 people, compared to 710,800 people registered on December 31 2023.
The investment policy within the asset portfolios of private pension funds continues to be focused on the local financial market, the share of investments in fixed income instruments representing 72% of the total investment portfolio of private pension funds. At the end of September 2024, a percentage of 24% was invested in shares. AGERPRES