Category: BADDPO publications

PensionsEurope Report 2022 – Trends and developments in funded pensions

PensionsEurope report 2022 – Trends and developments in funded pensions
Key findings:
*Assets of euro area pension funds continued growing more than their liabilities until the end of 2021, increasing their aggregate funding ratio.
*Through recent increase in interestrates, liabilities of pension funds have decreased more than their assets.

World Bank Group member IFC acquires stake in VIG’s Bulgarian pension fund Doverie

Focus on joint strengthening of private pension provision
International Finance Corporation (IFC), a member of the World Bank Group, takes a stake of around 10% in Doverie, the pension fund in Bulgaria in which the Vienna Insurance Group
(VIG) holds a majority stake. The cooperation aims to strengthen and jointly further expand the Bulgarian pension insurance market. […]


On September 13, 2022, with an elegant cocktail in Grand Hotel Sofia, the members of the Bulgarian Association of Supplementary Pension Insurance Companies celebrated the 25th anniversary since the establishment of the Association.

Over the past quarter century BASPSC and pension insurance companies have established themselves as one of the main drivers for the development of supplementary pension insurance and the validation of the three-pillar model of Bulgaria’s pension system. […]

The number of insured persons in the supplementary pension insurance funds reached 4.827 million as of the first nine months of 2021, net assets BGN 18.833 billion.

The Insurance Supervision Department of the FSC announced the results of the supplementary pension insurance activity for the first nine months of 2021. The information was obtained on the basis of reports submitted by the pension insurance companies to the Financial Supervision Commission. The data on the distribution of the insured persons by sex and age in the supplementary pension insurance funds as of 30.09.2021 have also been published. […]