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BT Aegon and Grawe warned over marketing agents irregularities

de A.C.
Luni, 25 august 2008, 16:13 English | Business

CSSPP, the Romanian state's main regulator on the private pensions market warned in writing BT Aegon Pension Fund and Grawe Pensions Services over irregularities blamed on their marketing agents who registered clients even before the Commission's approval of the fund. CSSPP officials declared for that there were some three marketing agents from Grawe, the main broker to sell pensions for BT Aegon. The three agents' accreditation was withdrawn, the press release of the Commission informs.

The two companies were warned in writing about their agent's breach of article 35 of Regulation 25/2007 that rules that the companies need to inform the Commission if they find irregularities concerning their marketing agents.

BT Aegon Pension Fund is a joint venture between Transilvania Bank and Aegon insurance and is ranked 14 on the private pensions market.

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