Abstract:

The international financial crisis has influenced the evolution of pension funds. As a result of the general economic situation, characterized by lower number of employees, increase in unemployment, record of a slower growth rate of average wage gain, the influence manifested, in particular, on the core business: investment assets of private pension funds. However, if taken into account the fact that pension funds should not be considered for short periods of time, being characterized by developments over long periods of time, the negative effects were not as strong as in other financial sectors. Given that one of the basic principles that define private pension’s states that investment is made in the interest of the participant, the attention of the supervisory authority, as well as of the pension fund managers has focused on the structure and method of investing the assets of the pension funds.