BRD Pensii, a manager in the private pension fund market under Pillar 2, has become BT Pensia Noastră (BT Pensia Noastră Societate de Administrare a unui Fond de Pensii Administrat Privat S.A.), following authorization from the Financial Supervisory Authority (ASF). The acquisition of BRD Pensii by Banca Transilvania Financial Group took place in November 2025, according to Market Screener.
BT Pensia Noastră currently manages the BRD Privately Managed Pension Fund, which has over 600,000 participants. Its name is also set to be changed following ASF approval to reflect its affiliation with the BT Group.
Participants in the BRD Privately Managed Pension Fund can access information in the BT Pay app regarding their total accumulated balance and monthly contribution history.
Strategic Integration: The Power of the BT Ecosystem
The evolution of BT Pensia Noastră is inextricably linked to the broader success of Banca Transilvania (BT). By being part of a group that understands the nuances of the local market, the pension fund manager benefits from a massive distribution network and a deep-rooted trust among Romanian consumers.
Following the strategic acquisitions made by the BT Group in 2024 and 2025—including the integration of assets from other departing international players—BT Pensia Noastră has significantly increased its “assets under management” (AUM), becoming a formidable force in both Pillar II (mandatory private pensions) and Pillar III (voluntary pensions).
Investment Philosophy: Prudence Meets Growth
In 2026, the investment strategy of BT Pensia Noastră remains anchored in a balanced approach. While the primary goal is the protection of participants’ capital, the fund has increasingly diversified its portfolio to hedge against inflation.
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Government Bonds: Maintaining a solid foundation of low-risk sovereign debt.
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Blue-Chip Equities: Investing in the most stable and performant companies listed on the Bucharest Stock Exchange (BVB).
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Sustainable Investments: A growing percentage of the portfolio is now directed toward “Green Bonds” and companies with high sustainability ratings, reflecting a commitment to long-term societal value.
| Fund Category | Target Demographic | Risk Profile |
| Pillar II (Mandatory) | All eligible employees in Romania. | Medium-Conservative |
| Pillar III (Voluntary) | Individuals seeking to supplement their state pension. | Balanced / Flexible |
Digital Transformation and Participant Engagement
One of the most notable shifts in recent years has been the total digitisation of the participant experience. Through the integration with the BT Pay “super-app,” contributors can now monitor their pension accumulations in real-time, right alongside their daily banking transactions.
This transparency has been crucial in demystifying the private pension system for younger generations. In 2026, a participant can check their projected retirement fund, update personal details, or increase their voluntary contribution with just a few taps on their smartphone, removing the traditional bureaucratic barriers associated with long-term saving.
Navigating Regulatory Challenges
The period between 2023 and 2026 was not without its hurdles. Legislative changes regarding contribution rates and the taxation of pension withdrawals required BT Pensia Noastră to be highly adaptable. The company has played an active role in industry dialogues, advocating for a stable and predictable fiscal framework that encourages long-term saving rather than short-term consumption.
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