NLB Nov Penziski Fond A.D. Skopje completed the process of re-registration and will continue to function under the name Sava Pension Company a.d. Skopje. The company will continue to manage both pension funds, the mandatory pension fund, with the new name Sava Pension Fund and the Voluntary Pension Fund, Sava Pension Plus.

Together with the new name, Sava Pension Company ad. Skopje, the Company will receive a completely new visual character in the process of re-branding. The company will continue to function and operate in the same way as it has done so far, striving to provide reliable retirement savings for its policyholders by achieving an appropriate long-term return on investment funds. Partnership and continuity in education and communication with our members will remain our top priority.

The changes in the name and rebranding of the NLB Nov Penziski Fond follow after the Slovenian company Sava Re dd, Ljubljana in March this year became the owner of 100% of the shares of the pension company. The acquisition process of the Company was carried out through a legally defined procedure, controlled by the Agency for Supervision of Fully Funded Pension Insurance (MAPAS). The Slovenian Group Sava Re dd Ljubljana, a powerful and stable group with excellent international reputation, which for 40 years has been a part of the insurance and reinsurance industry and has achieved excellent results, has met the strict criteria prescribed by the legislation and became the owner of the Company. The Sava Re Group currently has seven insurance companies and two pension companies, making it one of the largest groupings in the insurance sector in Southeast Europe.

The management of the Company, evaluating the financial condition and the level of the established processes and accumulated experience, propounds a fast and successful positioning of the new brand in the market, Sava Pension Company a.d.Skopje and securing of continuity and stability, which is a primary interest of the current and future members of the pension funds and the new owners of the Company.  

On this occasion, we also want emphasize the fact that the pension funds, which will continue to be managed by the Sava Pension Company a.d. Skopje, were and remain in the ownership of their members and their assets are completely separated from the property of the Company.

We are convinced that with the entry of the Sava Re Group, and the high synergy between the insurance and the pension insurance activity, new opportunities and development prospects are opened that are in the interest of the members of the pension funds.

One of our primary goals in the coming period will be the creation of conditions for expansion of the sales network, through licensed agents in the network of Sava Insurance a.d. Skopje and together with the existing sales network, which continues to function through the branches of NLB Bank AD Skopje, we will ensure further improvement of the quality of the services and availability to the current and potential membership.    

Sava Pension Company a.d. Skopje

The Supervisor of the fully funded pension insurance is the Agency for Supervision of Fully Funded Pension Insurance (MAPAS) www mapas.mk  (02) 3224 229,