BRD Romania has officially announced a very important decision that it has taken in Romania, and which comes as a measure that its customers should know about, since it has published a notification about what is happening, the management of the bank deciding not to promote the pension funds.
BRD Romania says that neither for the pension fund for pillar 2, nor for the one for pillar 3, will they do any more marketing activities starting from October, but this does not mean that the activity will end in what concerns them, and this is because they will continue to function even after this date.
According to the information from BRD that you have below, all actions related to the operation of its pension funds will continue, except for the presentation to clients of the relevant aspects of the pension funds, or the conclusion of membership contracts to the pension funds.
BRD says that payments to pension funds made through direct debit mandates granted by the bank will continue, and all membership contracts concluded until now will remain valid, so you don't have to worry about this point of view, because things will not change.
Starting from 01.10.2022, BRD – Groupe Societe Generale will cease the marketing activity of pension funds for the BRD MEDIO Voluntary Pension Fund (Pillar 3) and the BRD Privately Administered Pension Fund (Pillar 2), funds managed by BRD Private Pension Fund Management Company SA.
Thus, starting from this date, BRD will no longer present relevant aspects of pension funds to its clients, nor will it conclude membership contracts for pension funds.
Accessions concluded until this date, through BRD, are not impacted, and payments to pension funds set through direct debit mandates granted to BRD, as a payment service provider, are to take place as before.
