18 April 2013
Dunav VPF partner of HR Arena
From 8 - 10 April at Metropol hotel the third HR Arena, regional conference on human resource management was held in co-organization of Infoarena and Serbian Association of HR professionals. The conference participants, through the exchange of experiences and ideas, involved in the important HR topics such as strategic importance of organizational development, how IT technology in the field of human resource management can affect business, how social media is changing human resource management, women in business, and so on.
Dunav VPF as a conference partner had a significant role in the organization and the course of the conference. Milan Kovac, executive director of Dunav company who participated in the panel Motivation and reward and their impact on business, gave a presentation titled Private pensions - a powerful tool in the hands of HR professionals. The participants were introduced with private pensions as a tool in motivating and rewarding employees, a way to retain talent and key people, factor that increases the competitiveness of the employer and has tax and other incentives.
4 april 2013
Rate of yield
Yield rate for the past 12 months (1 April 2012 – 31 March 2013) is 15,12%, for the past 5 years (1 April 2008 – 31 March 2013) is 9,39% and from the start of business operations (2 Apr 2007 – 31 March 2013) is 7,58%.
29 January 2013
Tax exempt amount of pension contribution increased to RSD 5,214
As of 1 February 2013, tax exempt amount of pension contribution is RSD 5,214.
9 January 2013
Rate of yield
Yield rate:
for the past 12 months (1 January 2012 – 31 December 2012) is 13,69%
for the past 5 years (1 January 2008 - 31 December 2012) is 7,82%
from the start of business operations (2 Apr 2007 – 31 December 2012) is 6,91%
23 November 2012
Dunav fund is sponsor of the Mediteraneo wine, gastronomy and wine tourism festival
Dunav voluntary pension fund is sponsor of the Mediteraneo wine, gastronomy and wine tourism festival which will be held on 24th – 25th November 2012 in Belgrade, hotel Metropol.
Visitors will be able to enjoy wine tasting, try lasting delicatessen, prosciutto, cheeses, truffles, olives and a variety of other specialties. They can also attend series of lectures on the importance and the role of the Mediterranean diet, and proper consumption of wine.
Welcome to the promotion of quality of living. Wine and the Mediterranean cousin are associated with culture of quality of life and Dunav, as a partner of our citizens in financial security planning, is dedicated to their quality of life in older age, one in which they stop working, but in which their private pension helps them preserve quality of lifestyle and habits.
4 October 2012
Rate of yield
Yield rate:
for the past 12 months (1 October 2011 – 30 September) is 10,74
for the past 5 years (1 October 2007 - 30 September) is 6,19%
from the start of business operations (2 Apr 2007 – 30 September 2012) is 6,15%
10 September 2012
RSD 1 billion paid out to fund members
Dunav voluntary pension fund has paid out RSD 1 billion to fund members since beginning of operations in 2007. Along with close to 22.000 lump sum payments, the fund pays out 34 pension for 1 to 10 year period.
Dunav has over 84,000 members and with over RSD 6 billion AUM covers 41% of the market. The majority of members are employees whose pension contributions are sponsored by employer, thus eligible for two pensions, state pension and additional private one.
31 July 2012
Dunav fund AUM reached RSD 6 billion
Dunav fund AUM has reached RSD 6 billion. Also, in 5 years of business operations, 30 pensions have been paid out along with the total of 21.574 lump sum payments amounting to over RSD 973 million.
5 July 2012
Rate of yield
Yield rate for the past 12 months (1 July 2011 – 30 June 2012) is 8,48%, for the past 5 years (1 July 2007 – 30 June 2012) is 6,75% and from the start of business operations (2 Apr 2007 – 30 June 2012) is 6,08%.
24 May 2012
Nis Branch Office at new address
As of 28 May 2012, Nis branch office is relocated to 6 Karadziceva St.
Phone numbers 018/525 544 i 018/526 545 as well as fax number will remain the same.
5 April 2012
Rate of yield
Yield rate for the past 12 months (1 April 2011 – 31 March 2012) is 9,05% and from the start of business operations (2 Apr 2007 – 31 March 2012) is 6,07%.
27 January 2012
Tax exempt amount of pension contribution increased to RSD 4,647
As of 1 February 2012, tax exempt amount of pension contribution is RSD 4,647.
22 December 2011
RSD 5 billion in 5th year
Business results of Dunav VPF have been presented on today’s press conference. Milan Kovac, Managing Director of Dunav VPF Management Company has said that Dunav with over 84.000 member’s base and AUM of over RSD5 billion (42% market share) strongly holds leading position on the market.
He added that it is even greater success considering difficult conditions in which Serbian businesses operate and economic situation that citizen face on a daily basis. Even in that environment, Dunav fund managed to increaseits assets by a billion (26%) in 2011. This is due to increase of membership base and professional and responsible investment of their contributions.
Manging Director of Dunav Insurance Company, founder of Dunav VPF Management Company, dr Milenka Jezdimirovic, has expressed her delight with the results gained in Dunav pension fund. She pointed out that Dunav is not only the largest fund in the accumulation fase, but in the pay out fase as well. What is very important is the fact that the fund regularly pays out 20 pensions, justifying its work. Besides that, 19.000 lump sum payments were widthrown amounting to over RSD 800 million confirming the strenght and size of the fund
1 September 2011
New logo for DUNAV VPF
DUNAV VPF, as a member of Dunav Insurance Company, has adopted a well known logo of our largest insurance company and matched visual identity with its founder. This is yet another manifestation of united strength, size and experience of two leaders in the insurance and pension funds markets.
18 July 2011
Telenor has chosen DUNAV VPF
Although the only domestic voluntary pension fund DUNAV is more often becoming a choice of multinational companies when selecting partners for the private pensions for their employees. Thus, after Philip Morris Services, yet another multinational company, Telenor, has assessed DUNAV as the most competitive supplier of voluntary pensions.
By concluding this contract, DUNAV has covered the largest part of telecommunication market, given that, in addition to employees of Telekom Serbia, close to 1,100 employees of Telenor will be enjoying an additional pension from this fund.
5 July 2011
Rate of yield
Yield rate for the past 12 months (1 July 2010 - 30 June 2011) is 8,88% and from the start of business operations (2 April 2007 - 30 June 2011) is 5,50%.
May 25, 2011
Pension plan signed with Philip Morris Services
DUNAV Company and Philip Morris Services (PMSE) have signed a pension plan contract by wich PMSE has provided an additional, private pension for more than 400 employees. DUNAV has been chosen for a partner in financial future planning for PMSE employees as the best provider within the industry, confirming its quality, seriousnes and professionalism. PMSE employees have now joined their colleagues in Philip Morris Operations (former Nis Tobacco Industry) which have been one of the first to join DUNAV voluntary pension fund way back in 2003.
17 May 2011
Changes and amendments to the Law entered into force
Changes and amendments to the Law on Voluntary Pension Funds and Pension Plans have entered into force today. Some of the most important changes are:
1. The retirement age has been increased from 53y to 58y
2. Prior to 58, the assets can be withdrawn only in the event of permanent work disability
3. Only up to 30% of the accumulated assets can be withdrawn as a lump-sum
4. Fund assets can be invested in open investment funds
5. A member’s assets can be a guarantee for his/her obligations towards Republic of Serbia and the banks as a first time homebuyer, in line with the enactment of the Government.
National bank of Serbia will bring necessary bylaws in 90 days and the Ministry of Labour and Social Policy in 30 days.
6 April 2011
Rate of yield
Yield rate for the past 12 months (1 April 2010 - 31 March 2011) is 9,45% and from the start of business operations (2 April 2007 - 31 March 2011) is 5,08%.
31 January 2011
Tax exempt ammount of pension contribution increased to RSD 4,343
As of 1 February 2011, tax exempt ammount of pension contribution is RSD 4,343.
10 January 2011
Rate of yield
Yield rate for the past 12 months (1 January 2010 - 31 December 2010) is 9,40% and from the start of business operations (2 April 2007 - 31 December 2010) is 5,08%.
29 December 2010
AUM has reached 4 billion RSD
DUNAV VPF AUM has reached RSD 4 billion RSD. Thanks to highly professional and prudent investment of fund members’ assets, AUM have increased by RSD 1 billion, i.e. 34,48% in 2010 again.
11 October 2010
Rate of yield
Yield rate for the past 12 months (1 October 2009 - 30 September 2010) is 7,93% and from the start of business operations (2 April 2007 - 30 September 2010) is 4,74%.
8 July 2010
Milan Kovac, new DUNAV Pensions managing director
Milan Kovac, BA in Economics and portfolio manager, has become a managing director of DUNAV voluntary pension fund management company. Previous managing director, Ms Mirjana Grbovic, with her rich experience and expertise, will continue to contribute to comapny’s development as strategic development advisor.
Prior to this engagement, Mr. Kovac worked for 3 years in Ilirika investment fund management company on the managing director and member of management board positions.
DUNAV VPF has a leading market position managing the largest voluntary pension fund with over 80.000 memebers and AUM of RSD3,5 billion, i.e. 41% market share. Total of 12 monthly pensions and 15.263 lump-sum payments have been paid out ammounting to € 4,9 million. The company employs 43 professionals in 9 branches throughout the country.
8 July 2010
Rate of yield
Yield rate for the past 12 months (1 July 2009 - 30 June 2010) is 11,76% and from the start of business operations (2 April 2007 - 30 June 2010) is 4,51%.
14 June 2010
New custody bank account number
From 15 July 2010, a new account number will be active in custody bank – Societe Generale Bank Serbia. All payments made on the old custody bank account after designated date will not be registered.
New custody bank account number: 275000022003389929
8 April 2010
Rate of yield
Yield rate for the past 12 months (1 April 2009 - 31 March 2010) is 14,63% and from the start of business operations (2 April 2007 - 31 March 2010) is 4,04%.
29 March 2010
Change of the address
From 1 April 2010, DUNAV VPFMC head office and Belgrade branch office will be places in Trg Republike 5.
Other contacts:
Head office - 011 3036 410, 3036 420, headoffice@dunavpenzije.com.
Belgrade branch office - 011 3036 360, 3036 361, office.beograd@dunavpenzije.com
28 January 2010
Tax exempt ammount of pension contribution increased to RSD 3,894
From 1 February 2010, tax exempt ammount of pension contribution is RSD 3,894.
12 January 2010
Rate of yield
Yield rate for the past 12 months (1 January 2009 - 31 December 2009) is 15,84% and from the start of business operations (2 April 2007 - 31 December 2009) is 3,55%.
5 January 2010
New billion in 2009
DUNAV voluntary pension fund net asset value has increased for over a billion RSD in 2009 as well,
amounting to RSD 3.011.155.758,05 . At year end, DUNAV fund had close to 82.000 members and regularly pays out 10 private pensions.
7 October 2009
Rate of yield
Yield rate for the past 12 months (1 October 2008 - 30 September 2009) is 17,56% and from the start of business operations (2 April 2007 - 30 September 2009) is 3,52%.
3 August 2009
Call centre - further works on system reinstallation
Due to prolonged system reinstallation, call centre will be in full operation on Wednesday, 5 August 2009. Thank you for your understanding.
30 July 2009
Call centre - system reinstallation
Due to system reinstallation, call centre will not be reachable. In the meantime, please dial 011/3036 410. Thank you for your understanding.
20 July 2009
AUM exceed 2.5 billion
As at 17 July 2009, AUM of DUNAV VPF amount to RSD 2,502,672,508.75. This is the RSD 500 million AUM increase since the beginning of 2009.
6 July 2009
Rate of yield
Yield rate for the past 12 months (1 July 2008 - 30 June 2009) is 3,45% and from the start of business operations (2 April 2007 - 30 June 2009) is 1,38%.
8 April 2009
Rate of yield
Yield rate for the past 12 months (1 April 2008 - 31 March 2009) is -0,78% and from the start of business operations (2 April 2007 - 31 March 2009) is -0,93%.
11 January 2009
Rate of yield
Yield rate for the past 12 months (3 January 2008 – 31 December 2008) is -5,83% and from the start of business operations (2 April 2007 – 31 December 2008) is -2,87%.
6 January 2009
Entering 2009 with RSD 2 billion
DUNAV voluntary pension fund net asset value has reached RSD 2 billion and
amounting to RSD 2.006.862.937,96 . At year end, DUNAV had 89.000 members and has been paying out 11 private pensions.
10 October 2008
Rate of yield
Yield rate for the past 12 months (1 October 2007 – 30 September 2008) is -9,59% and from the start of business operations (2 Apr 2007 – 30 September 2008) is -4,71%.
3 July 2008
Rate of yield
Yield rate for the past 12 months (2 July 2007 – 30 June 2008) is 1.44% and from the start of business operations (2 Apr 2007 – 30 June 2008) is 0.14%.
6 April 2008
Rate of yield
Yield rate for the past 12 months and from the start of business operations (2 Apr 2007 – 31 Mar 2008) is -0,78%.
1 April 2008
Investment unit value publishing in Politika
As of today, the investment unit value of DUNAV VPF will be published in daily newspaper Politika.
25 December 2007
Telekom Serbia employees new DUNAV VPF members
DUNAV Voluntary Pension Fund Management Company has signed the Pension Scheme Contract with Telekom Serbia, hence nearly 10.000 Telekom employees have become DUNAV VPF members.
Total number of DUNAV VPF is 89.700 with AUM of € 17.6 mio.
14 November 2007
Mailing list cansellation
Due to a spam-like treatment of the investment unit value mailing to subscribed users, we are forced to stop this service.
Herewith we remind you that the investment unit value is also published on DUNAV VPF web site and daily newspaper BLIC.
27 September 2007
DJOKO new DUNAV VPF member
Novak Djokovic, Serbia’s best tennis player, has become member of DUNAV Voluntary Pension Fund today. During the Danube cruise, he has explained to the media that, though very young, he already thinks about his future. He has added that sport professionals retire early and invited all young people to show proactive attitude towards their future and join the pension fund.
27 August 2007
DUNAV Fund remains the largest
National Bank of Serbia has published Q2 2007 Report on voluntary pension funds. As stated in the Report, DUNAV Fund holds 51,66% in total net AUM of 6 active funds and 36,69% in total amount of contribution payments. As for number of contract, DUNAV Company has concluded 65.167 out of 129.719.
13 July 2007
Group of voluntary pension fund management companies formed
Serbian Chamber of Commerce Banking and Insurance Committee has formed a Group of voluntary pension fund management companies.
Mirjana Grbovic, DUNAV VPF management company director, has been elected president and Natasa Marjanovic, DELTA GENERALI VPF management company director, vice president.
The Group consists of 7 members and has been formed in order to improve pension funds management industry, formulate and represent common interests and start initiatives.
11 July 2007
Minimum pension contribution – 1.055 RSD
Minimum pension contribution for the July – December 2007 period is 1.055 RSD.
The contribution equals to 7% of the minimum gross wage in the Republic and is changed twice a year, every January and July.
9 July 2007
Investment unit value publishing
Due to the National Bank of Serbia Decision number 61 which changes the timing of investment unit calculation, the value of investment unit as of July 9, 2007 will be published on the internet presentation tomorrow and in the daily newspaper Blic on Wednesday, July 11.
Pension contributions paid until 12pm each working day are converted into investment units according to the investment unit value as of that day.
31 May 2007
DUNAV - first choice pension fund for majority of PTT Serbia employees
Majority of PTT Serbia employees, as much as 5.146, has chosen Dunav for their voluntary pension fund.
PTT Serbia will be paying monthly pension contributions to the fund at the amount of RSD 3,000 per employee.
The total number of Dunav VPF members has increased to more than 63.000 which, along with the AUM of EUR 13 mio, 62 employees and widespread sales network, makes it the largest voluntary pension fund in Serbia.
26 April 2007
Investment unit value as of 25 April 2007
Societe General Yugoslav Bank - Company´s custody bank cleared away software technical problem yesterday, therefore the investment unit value as of 25 April 2007 is 1,014.23 RSD.
25 April 2007
Investment unit value daily publishing
Due to a software problem that Company´s custody bank – Societe Generarale Yugoslav Bank is currently facing, the Company is not in the position to publish the investment unit value as of today, either on the internet or in the daily newspaper Blic tomorrow.
Castody bank controls and confirms the investment unit value calculated by the Company. Since the bank is unable to give the confirmation nedeed, the Company would, in the event of the investment unit publishing with no prior confirmation, act against the regulations.
We apologize to our members and all interested parties for the inconviniences they may face today.
15 March 2007
Dunav VPF management company press conference
The first Dunav VPF management company press conference was held on 15 March.
Mr. Mirko Petrovic, Dunav Insurance Company Managing Director
Mr. Bosko Zivkovic, Dunav VPF Management Company, President of the Management Board and
Mrs. Mirjana Grbovic, Dunav VPF Management Company Managing Director
addressed the press explaining the reasons for VPF mangement company establisment and pension funds· influence on the financial market along with the Company and the Fund presentation and business results so far.
9 March 2007
Dunav voluntary pension fund licence granted
On 8 March, The National Bank of Serbia issued an operating licence and licence for voluntary pension fund management to Dunav VPF management company.
