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 […]
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 […]
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.
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 […]
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 […]