English
Omniasig early this month submitted the first set of documents necessary for setting up a management firm for a privately managed pension fund and optional pension funds. The company"s entry on the private pension market was delayed by the impossibility to simultaneously access the two segments, mandatory private pensions and optional private pensions, according to Omniasig manager Cristina Nitescu.
Omniasig has allocated over 10 million EUR in the private pension operations. "Omniasig Pensii" has a share capital of 5.5 million EUR and intends to achieve a 10% market share and 350,000 customers by the year-end. The optional private pension system is targeting people aged over 45 who are interested in a second pension in addition to the state pension. The contribution is limited to 15% of the gross salary.
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