From Today We Can Choose the Type of Private Pension Fund
6 Articles
6 Articles
From today until November 30, for the first time, employees will be able to choose with what investment risk their savings for the so-called second pension in private pension funds will be managed. The change is related to the upcoming introduction of the so-called multi-funds from January 1, 2027. Each insured person can choose a dynamic, balanced or conservative sub-fund, otherwise, they will be allocated automatically depending on their age. …
Every worker will be able to choose for themselves how their second pension funds will be managed according to their age and risk preferences. The new ...
Bulgaria is moving from 2027 to a multi-fund system for Pillar 2 of pensions, allowing citizens to choose between three levels of risk, with the possibility of investing up to 90% of assets in equity.
From today until November 30, those insured in the universal pension funds can choose in which sub-fund their accumulated funds will be managed. The new rules come into force from January 1, 2027 and provide for three types of sub-funds — dynamic, balanced and conservative.On the air of BNT, Evelina Miltenova, Chairman of the Board of the Bulgarian Association of Supplementary Pension Insurance Companies, explained what is the difference between…
Bulgarians can choose themselves where they invest their Pillar 2 pension money, which will be restructured from 1 January 2027 into three separate subfunds. In the most dynamic of them, people can invest 90% of their assets in risk instruments, such as shares.
For over a quarter of a century since it has existed, one of the biggest problems of private insurance in Bulgaria has been low interest. Although 5% of each salary is automatically directed to the universal pension funds (UPF) or the so-called second pillar of the system and the managed funds already exceed 15 billion euros, most people are still not concerned about what is happening to their personal account, and many do not even know which co…
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