摘要：The purpose of private pension funds is to provide a pension that supplements the pension paid by the public system,based on the collection and the investment by private specializes companies in the interest of participants,part of the contribution of individual insurance. The risk level and performance indexes should constitute the main criterion when we choose a private administrated pensions fund,whether being a first adhesion to this system or a transfer from a less performing fund to some other,more efficiently managed. In this paper we made an analysis of the evolution of the private pension market in Romania and the investment instrument in this domain.
