Managers of mandatory private pension funds (pillar II) shouldrecover their expenses made to attract clients in eight to tenyears, but the moment could be delayed by a further three yearsshould authorities decide to reduce, for one year, contributions tothe system from 2.5% to 0.5% from participants' gross salary,believes Simona Ditescu, CEO of BCR Pensii. "The mandatory privatepension fund market should break even in eight to ten years. Weestimate, though, that cutting contributions from 2.5% to 0.5% fora period of one year will push back this moment by as much as threeyears," Ditescu stated. At the same time, she says private pensionmanagers cannot draw up any concrete plans given currentuncertainties and that BCR Pensii is currently focusing onmaintaining stability, even though it does not rule our newacquisitions on the market should opportunities arise. Last year,BCR doubled its market share to 6.2% by buying the mandatorypension funds managed by Omniasig, OTP and Prima Pensie.
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