In order to diverse the activity, face the ever-growing competition in the marketplace, raise the range of benefits as well as the market share, SiCRED sh.a., in February 2011, signed the agreement for the purchase of 75% shareholders’ package of Sigma IPP, the voluntary pensions managing company.
This Company, after its transformation from a two-tier management company into a one-tier management company, in accordance with the provisions of Law No. 10197, dated 10.12.2009 “On the funds of voluntary pension contributions”, was re- licensed by the Albanian Financial Supervisory Authority in November 2011, operates in the market as the Pension Fund Management Company SiCRED sh.a., while managing the Voluntary Pension Fund “SiCRED Pensions”.
