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BCR Pensii becomes first Pillar IV occupational pension fund administrator in Romania

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BCR Pensii is the first company in Romania to be authorised by the Financial Supervisory Authority (ASF) as an administrator of Pillar IV occupational pension funds, the company announced on Tuesday.

Pillar IV is an optional pension scheme employers can use to provide additional benefits to employees during their employment in the form of a contribution in order for them to be able to draw an occupational pension.

Pillar IV is a pension scheme in which each company that decides to participate is under the obligation to offer the product to all its employees and to transfer contributions…

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