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The Association of Romania's Fund Managers (AAF) is supporting the need to further promote the development of the Romanian pension system, while believing that dialogue between government officials and pension fund managers is crucial to identifying the best decisions in the interest of the contributors under the privately managed pension system and the success of the pension system reform in Romania that started on the basis of correctly assessed premises, according to an AAF press statement released on Saturday.
The AAF statement was released in the context of recent statements on possible changes contemplated by the Government with regard to the operational parameters of pillar II privately managed pension funds.
"As an association of investment fund managers in Romania, which members manage total assets worth more than 41 billion lei, belonging to more than 400 thousand investors, assets that are mostly invested in the Romanian economy, we consider that the measures of economic/fiscal policy with a major impact on the economy must be part of a programme that takes into account the long-term development of the economy, that are adopted in a predictable manner and with the prior consultation of the main players in the market," says AAF.
On Friday, Deputy Prime Minister Marcel Ciolacu said that a decision regarding the pension pillar II is not taken, and in no way is it about dismantling it, while a future decision should be in the interest of the Romanians .
AGERPRES .
