Category: International news and events

Pensions Europe submitted on 25th May 2023 its response to EIOPA’s consultation on technical advice for the review of the IORP II Directive today, on 25 May 2023.

Int the answer, PE welcomes EIOPA’s perspective, acknowledging that the review of IORP II takes place shortly after the Directive’s implementation, making it premature to suggest any significant revisions at this stage.
Key takeaways include:
• The IORP II Directive should remain a minimum harmonization legislation.
• The IORP II Directive must be highly compliant with the principles of proportionality and subsidiarity. […]

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

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. […]