PAC Doverie chose independent external experts to review the assets of VPF Doverie, PPF Doverie and UPF Doverie

In connection with the implementation of the European Commission's recommendations from the monitoring report on Bulgaria's progress and the adopted laws and regulations for the external verification of pension funds' portfolios, in the period June-October 2016, in Bulgaria will be carried out a review of their assets by independent auditors, approved by the Financial Supervision Commission (FSC).

 
In accordance with the list of independent auditors, appointed by the Commission to carry out the review, PAC Doverie held a series of meetings and negotiations with them. As a result, the Company chose three companies to propose to the attention of the Deputy Chairperson of the FSC in charge of the Insurance Supervision Department, namely:

 
first choice: PRICEWATERHOUSECOOPERS AUDIT Ltd, Bulgaria;

second choice: MAZARS SA, France;

third choice: GD CONSORTIUM GRANT THORNTON BULGARIA - GREECE, Bulgaria and Greece.

 
By June 10, the Deputy Chairperson must approve one of the three companies to start auditing the assets of the universal, professional and voluntary pension funds managed by PAC Doverie, and the company must conclude a contract with the approved independent auditor by June 17 of the same month. The review will be carried out in accordance with the requirements of the 2016 Methodology for the Review of Pension Fund Assets, adopted by the FSC, the full content of which can be found at: https://www.fsc.bg/?page_id=23135

  
The Company's team would like to thank all the independent auditors for the negotiations and is confident that another external review of investment activity will contribute to achieving an even higher level of transparency and peace of mind for pension fund clients regarding the management of their pension savings.