The Social Security Supervision Department of the Financial Supervision Commission announced the results of the activity on supplementary pension insurance for the first half of 2023. The information is summarized on the basis of the reports for supervisory purposes submitted by the pension insurance companies to the Financial Supervision Commission. Data on the distribution of insured persons by gender and age in pension funds as of 30.06.2023 are also published. […]
Category: BASPSC in the media
The Social Security Supervision Department of the FSC announced the results of the activity on supplementary pension insurance for the first quarter of 2023. The information is summarized on the basis of the reports for supervisory purposes submitted by the pension insurance companies to the Financial Supervision Commission. Data on the distribution of insured persons by gender and age in pension funds as of 31.03.2023 are also published. […]
Bulgaria’s most prestigious annual awards in the insurance sector were presented at a ceremony in Sofia on Wednesday 17 May 2023.
The ceremony was attended by National Assembly Chair Rossen Zhelyazkov, Deputy Prime Minister and Minister of Labour and Social Policy Lazar Lazarov, Financial Supervision Commission Chair Boiko Atanassov, National Audit Office President Goritsa Grancharova, […]
The Chair of BASPSC attended the Annual Conference 2023 & General Assembly Meeting of PensionsEurope 20-22 April 2023, which took place in Berlin, Germany
Annual conference PensionsEurope 2023 on “How to protect pensions in times of turbulence”
PensionsEurope is an international organization (confederation), based in Brussels, representing national associations of pension funds, of which the Bulgarian Association of Supplementary Pension Security Companies (BASPSC) is a member. The aim is for the people of Europe to have good pensions and for this the PensionsEurope advocates at European and international level for well-funded pensions covering more people. […]
PensionsEurope report 2022 – Trends and developments in funded pensions
*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.
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. […]