The age of the insured
The dynamic plan is for people up to the age of 50, the balanced plan is for people from the age of 50 to three years before reaching retirement age, and the conservative plan is for people with less than three years before reaching retirement age, the press release states.
The experts stressed the importance of a dynamic approach to investment policy, which will improve profitability results and best meet the changing needs of policyholders throughout the different stages of their lives.
“We believe that one of the key prerequisites for the long-term success of the pension system in Bulgaria is the provision of flexible and adaptive investment strategies that follow the life cycle of each insured person.”
“In this way, we will achieve the necessary modernization of the three-pillar model of the pension system currently in place in the country,” said Evelina Miltenova, president of the Bulgarian Association of Pensions and Retirement, BLITZ reports .
The retirement system
The association added that the forum also included an analysis of the demographic crisis in Bulgaria and its impact on the pension system.
Participants discussed possible solutions to improve the financial stability of the system, including optimizing investment strategies and introducing alternative investment portfolios that would correspond to the different stages of the life cycle of policyholders.
