The net assets under management in the Romanian pillar II pension system have reached RON 150bn (€30bn), as at 7 October 2024, of which almost a third represents the net gain from investments, according to the Association for Privately Administered Pensions in Romania (APAPR).

In addition to this, APAPR has launched a national campaign, in partnership with Rogalski Damaschin PR, on Pillar II of mandatory private pensions, which will run until the end of November 2024.

This is the seventh year that APAPR has run a national campaign, designed to increase information and awareness regarding Pillar II of private pensions and the rights of Romanians in this long-term savings system.

Furthermore, the website allows Romanians to check their membership in a private pension fund and the value of their personal account.

Research has shown that one in eight Romanians are digitally connected to Pillar II and checking their private pension account online.

However, 8.2 million Romanians are enrolled in Pillar II, the majority of the country’s active population, half (over 4 million people) contribute regularly.

APAPR said that for most of the population, Pillar II is the only source of long-term financial accumulation, particularly in the case of low-income Romanians, who have difficulty saving through other instruments.

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