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On June 5, the Bucharest Stock Exchange (BVB) together with the World Pensions Council will organize the first annual Central & Eastern European Pension Investment Forum, in Bucharest. The event will host pension and social security institutions, reserve funds, central banks, insurers and asset managers from across Austria, Central Europe, the Baltics, the Balkans, Eastern Europe, Turkey, Russia and Central Asia.
Participants will debate on important subjects that will shape the pension industry in this region, as the latest advances in asset allocation and regulatory change, equity and bonds investments as well as risk management.
Central and Eastern Europe has become one of the most dynamic pension investment regions in the Northern Hemisphere, with a wide array of rapidly growing public and private pension plans.
The evolution of the pension plans is developing in a context marked by longer life expectancy, ageing population, challenges on the financial markets and the EU-wide and national macroeconomic and regulatory developments.
‘With a local pensions industry growing from EUR 1.6bn in 2011 to EUR 4.5bn in 2014, it can definitely be said that the growth in the assets has contributed to the development of the stock exchange and has influenced its structure. What we can definitely hope is for this growth to continue, and the Pillar II and Pillar III to increase their exposure on shares. Now it is approx. 20%, but let's not forget that the upper limit of exposure is 50%. For this we need to increase the number of listed companies on the exchange and the SOEs' privatization play a great role in this regard. If other European markets have succeeded with privatization and with pension funds development, I believe Romania can also do it if the Romanian authorities want to do it. What is also very important is the adjustment of the investment limits imposed on the pension funds, to create synergies between the universe of the pension funds and that of the investment funds, by the increase of the investment limit allowing the pension funds to invest in the units of investment funds’, stated Ludwik Sobolewski, BVB CEO.
The CEE Pension Investment Forum is open for registration to institutional investors. For more information and registration please contact: register@eurocouncil.org.
The event is organize with the support of Central and Eastern European national associations of pensions and retirement funds:
