In order to raise the awareness and financial literacy of consumers of non-banking financial services, the Financial Supervision Commission has published two new documents related to the use of a robo adviser. The technology provides automated investment advice at low cost, using portfolio management algorithms.
This is the link where the published documents can be found: https://www.fsc.bg/?page_id=15928
The Social Insurance Supervision Department of the FSC announced the results of the supplementary pension insurance activity for the first quarter of 2021. The information was summarized on the basis of the reports and references submitted by the pension insurance companies to the Financial Supervision Commission. The data on distribution of insured persons by sex and age as of 31.03.2021 have also been published.
The total number of insured persons in the four types of pension funds as of 31.03.2021 is 4,829,782 people, increasing compared to 31.03.2020 by 0.91 per cent.
In the system of the supplementary pension insurance as of 31.12.2021, BGN 17,844,456 thousand of net assets have been accumulated. Compared to the end of the first quarter of 2021, the net assets of pension funds increased by 18.95 percent.
The total revenues of pension insurance companies for the first quarter of 2021 amount to BGN 58,023 thousand and increase by 13.49 per cent compared to the reported revenues for the respective period of the previous year. The net financial result of the companies as of 31.03.2021 amounts to BGN 18,098 thousand.
Detailed information on the results of the supplementary pension insurance activity for the first quarter of 2021 and on the insured persons and the accumulated funds as of 31.03.2021 by sex and age are available in the section: Social Insurance activity / Statistics / Statistics and analysis / 2021.
The Social Insurance Supervision Department of the FSC announced the results of the supplementary pension insurance activity for the first nine months of 2021. The information was obtained on the basis of the reports and references submitted by the pension insurance companies to the Financial Supervision Commission. The data on distribution of insured persons by sex and age in the supplementary pension insurance funds as of 30.09.2021 have also been published.
The total number of insured persons in the four types of supplementary pension insurance funds as of 30.09.2021 is 4,827,412 people, increasing compared to 30.09.2020 by 0.37 per cent.
As of 30.09.2021, net assets in the amount of BGN 18,833,129 thousand have been accumulated in the supplementary pension insurance funds. Compared to the first nine months of 2020, the net assets of pension funds increased by 14.41 percent.
The total revenues of the pension insurance companies for the first nine months of 2021 amount to BGN 248,545 thousand. The net financial result of the companies as of 30.09.2021 amounts to BGN 73,702 thousand.
In September 2021, the first persons insured in the universal pension funds reached retirement age. For the due payments to these persons in September 2021 from the universal pension funds BGN 334 thousand were set aside for lifelong pensions, BGN 824 thousand for deferred payments and BGN 7 thousand for one-off payments. The funds set aside for lifelong pensions and deferred payments go to funds for payment of lifelong pensions and funds for deferred payments, from where the respective payments will be made. More data on the activity of the payment funds will be announced as of 31.12.2021.
Information on the results of the supplementary pension insurance activity for the first nine months of 2021 and on the insured persons and the accumulated funds in the supplementary pension insurance funds as of 30.09.2021 by sex and age are available in the section: Social Insurance activity / Statistics / Statistics and analysis.
The Social Insurance Supervision Department of the FSC announced the results of the supplementary pension insurance activity for the first nine months of 2021. The information was obtained on the basis of the reports and references submitted by the pension insurance companies to the Financial Supervision Commission. The data on distribution of insured persons by sex and age in the supplementary pension insurance funds as of 30.09.2021 have also been published.
The total number of insured persons in the four types of supplementary pension insurance funds as of 30.09.2021 is 4,827,412 people, increasing compared to 30.09.2020 by 0.37 per cent.
As of 30.09.2021, net assets in the amount of BGN 18,833,129 thousand have been accumulated in the supplementary pension insurance funds. Compared to the first nine months of 2020, the net assets of pension funds increased by 14.41 percent.
The total revenues of the pension insurance companies for the first nine months of 2021 amount to BGN 248,545 thousand. The net financial result of the companies as of 30.09.2021 amounts to BGN 73,702 thousand.
In September 2021, the first persons insured in the universal pension funds reached retirement age. For the due payments to these persons in September 2021 from the universal pension funds BGN 334 thousand were set aside for lifelong pensions, BGN 824 thousand for deferred payments and BGN 7 thousand for one-off payments. The funds set aside for lifelong pensions and deferred payments go to funds for payment of lifelong pensions and funds for deferred payments, from where the respective payments will be made. More data on the activity of the payment funds will be announced as of 31.12.2021.
Information on the results of the supplementary pension insurance activity for the first nine months of 2021 and on the insured persons and the accumulated funds in the supplementary pension insurance funds as of 30.09.2021 by sex and age are available in the section: Social Insurance activity / Statistics / Statistics and analysis.
The Social Insurance Supervision Department of the FSC announced the results of the supplementary pension insurance activity for the first half of 2021. The information was obtained on the basis of the reports and references submitted by the pension insurance companies to the Financial Supervision Commission. The data on distribution of insured persons by sex and age as of 30.06.2021 have also been published.
The total number of insured persons in the four types of pension funds as of 20.06.2021 is 4,828,080 people, increasing compared to 30.06.2020 by 0.60 per cent.
In the system of the supplementary pension insurance as of 30.06.2021, BGN 18,469,223 thousand of net assets have been accumulated. Compared to the end of the first half of 2020, the net assets of pension funds increased by 16.48 percent.
The total revenues of the pension insurance companies for the first half of 2021 amount to BGN 113,512 thousand and increased by 10.87 per cent compared to the reported revenues for the first half of 2020. The net financial result of the companies as of 30.06.2021 amounts to BGN 33,629 thousand
Detailed information on the results of the supplementary pension insurance activity for the first half of 2021 and on the insured persons and the accumulated funds as of 30.06.2021 by sex and age are available in the section: Social Insurance Activity / Statistics / Statistics and analysis / 2021.
The Social Insurance Supervision Department of the Financial Supervision Commission announced the results of the change of participation and transfer of funds of insured persons from one to another respective pension fund for the third quarter and first nine months of 2021. The data were obtained on the basis of reports submitted by pension insurance companies to the Financial Supervision Commission.
In the third quarter of 2021, a total of 88,381 applications for change of participation and transfer of funds from one pension fund to another were submitted to the pension insurance companies.
A total of 74,187 insured persons from the applications submitted in the third quarter of 2021 have changed their participation in the supplementary pension insurance funds. The total amount of the funds transferred to another pension fund of the respective type is BGN 301,297,085.
The insured persons who exercised their right to change their participation and transfer funds from the individual accounts in the first nine months of 2021 are a total of 221,534. The total amount of transferred funds since the beginning of the year is BGN 881,173,537.
Results of the change in the participation and transfer of funds from one to another respective pension fund for the third quarter and the first nine months of 2021 are available in section: Social Insurance activity / Statistics / Statistics and analysis / 2021.
The Social Insurance Supervision Department of the Financial Supervision Commission announced the results of the change of participation and transfer of funds of insured persons from one to another respective pension fund for the second quarter and first half of 2021. The data were obtained on the basis of reports submitted by pension insurance companies to the Financial Supervision Commission.
In the second quarter of 2021, a total of 84,816 applications for change of participation and transfer of funds from one pension fund to another were submitted to the pension insurance companies.
A total of 72,876 insured persons from the applications submitted in the second quarter of 2021 have changed their participation in the supplementary pension insurance funds. The total amount of the funds transferred to another pension fund of the respective type is BGN 298,998,865.
The insured persons who exercised their right to change their participation and transfer funds from the individual accounts in the first half 2021 are a total of 147,347. The total amount of transferred funds since the beginning of the year is BGN 579,876,453.
Results of the change in the participation and transfer of funds from one to another respective pension fund for the second quarter and first half of 2021 are available in section: Social Insurance Activity / Statistics / Statistics and analysis / 2021.
The Social Insurance Supervision Department of the Financial Supervision Commission announced the results of the change of participation and transfer of funds of insured persons from one to another respective pension fund for the fourth quarter and for 2020. The data were obtained on the basis of reports submitted by pension insurance companies to the Financial Supervision Commission.
In the fourth quarter of 2020, a total of 71,894 applications for change of participation and transfer of funds from one pension fund to another were submitted to the pension insurance companies.
A total of 61,809 insured persons from the applications submitted in the fourth quarter of 2020 have changed their participation in the supplementary pension insurance funds. The total amount of the funds transferred to another pension fund of the respective type is BGN 219,843,802.
The insured persons who exercised their right to change their participation and transfer funds from the individual accounts in 2020 are a total of 232,148. The total amount of the transferred funds in 2020 from one to another respective fund is BGN 813,279,425.
Results of the change in the participation and transfer of funds from one to another respective pension fund for the fourth quarter and for 2020 are available in section: Social Insurance activity/ Statistics / Statistics and analysis / 2020.
The Social Insurance Supervision Department of the Financial Supervision Commission announced the results of the change of participation and transfer of funds of insured persons from one to another respective pension fund for the first quarter of 2021. The data were obtained on the basis of reports submitted by pension insurance companies to the Financial Supervision Commission.
In the first quarter of 2021, a total of 86,285 applications for change of participation and transfer of funds from one pension fund to another were submitted to the pension insurance companies.
A total of 74,471 insured persons from the applications submitted in the first quarter of 2021 have changed their participation in the supplementary pension insurance funds. The total amount of the funds transferred to another pension fund of the respective type is BGN 280,877,588.
Results of the change in the participation and transfer of funds from one to another respective pension fund for the first quarter of 2021 are available in section: Social Insurance activity / Statistics / Statistics and analysis / 2021.
The Social Insurance Supervision Department of the FSC announced the preliminary results of the supplementary pension insurance activity for 2021. The information was obtained on the basis of the reports and references submitted by the pension insurance companies to the Financial Supervision Commission. The data on distribution of insured persons by sex and age in the pension funds as of 31.21.2021 have also been published.
The total number of insured persons in the four types of pension funds as of 31.21.2021 is 4,849,754 people, increasing compared to 31.21.2020 by 0.64 per cent.
As of 31.12.2021, the net assets of the pension funds amount to BGN 19,557,121 thousand. Compared to the end of 2020, the net assets of pension funds increased by 13.08 percent.
The total revenues of the pension insurance companies for 2021 amount to BGN 311,101 thousand. The net financial result of the companies for 2021 amounts to BGN 75,219 thousand.
By the end of 2021, 7 lifelong pension payment funds (LPPFs) and 9 deferred payment funds (DPFs) have been established. During the period 01.09.2021 – 31.12.2021 a total of 270 pension contracts were concluded for payment of additional lifelong old-age pension and 1 863 contracts for deferred payment of funds with the first persons insured in the universal pension funds who have reached retirement age. . In order to make payments to these persons during the period 01.09.2021 – 31.12.2021, BGN 4,491 thousand were transferred from their individual accounts to the LPPFs and BGN 8,625 thousand to the DPFs. During the same period, BGN 52,000 was paid for pensions by the LPPF, and BGN 596,000 was paid by the DPFs for deferred payments to insured persons and BGN 8,000 once to heirs of insured persons who received deferred payments.
Funds in the amount of BGN 58,000 were once paid from the universal pension funds to insured persons who have reached retirement age.
Information on the preliminary results of the supplementary pension fund and payment fund activity for 2021 and on the insured persons and the accumulated funds as of 31.12.2021 by sex and age are available in the section: Social Insurance activity / Statistics / Statistics and analysis.
