Who is “more trustworthy”? Can I join in? Will the system be functional? How safe is it? Are hopes going to be shattered, just like it happened before?

The weather forecasts show already a dry summer this year but, for the New Pension System, I already have four signs that it will be even more than that.

FIRST – three of my neighbors, with whom I barely exchanged two words in the past five years, stopped me just the other day, one by one, and asked me to “reveal” the Big Mystery of the Three Pillars. They kind of heard I was into some pensions and insurance magazine.

SECOND – for the first time, after 10 years of working in this field, a few friends, former classmates, asked me about what I was doing: how safe is the New Pension System and what fund should they choose. They read on 1asig.ro that I organized a Conference on this topic.

THIRD – TV channels broadcast, as never before, ingenious or just accurate ads, but obsessive in their frequency, of life insurance companies that are going to administer private pension funds, while newspapers put on their first page, in capital letters, news about the first contribution for Pillar III.

FOURTH – although conferences on private pensions follow one another in rhythms of south-american dances, they still have not managed either to talk out the topic, or to bore the audience that becomes ever more numerous.

Conclusion? With all due respect for insurance, we shall experience the „Long, Hot Summer of Private Pensions”. The battle for the 2% is on!