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01 Dec

Posted at 15:00h in Uncategorized

On November 28, 2025, the Bulgarian Credit Rating Agency (BACR) assigned a long-term credit rating of BBB- to Pension Assurance Company DallBogg: Life and Health and the funds it manages – Universal Pension Fund DallBogg: Life and Health, Professional Pension Fund DallBogg: Life and Health and Health and Voluntary Pension Fund DallBogg: Life and Health.

The agency calculated the ratings based on a number of factors that reflect the overall financial condition and operational sustainability of the company. The stable outlook reflects the agency’s assessment that the company and the funds will maintain their current level over the next few years, provided that the macroeconomic environment and asset management results remain largely unchanged.

According to BACR, the rating reflects the company’s stable capital position and indicates that key factors such as liquidity, risk management, and investment strategies will remain stable and without significant changes. The consistent policy of achieving its goals and the stable position of the financial results of the managed funds in recent years have allowed the company to maintain a strong financial base and provide confidence and security for the future of the insured persons.

The report of the Bulgarian Credit Rating Agency is available in Bulgarian here.

24 Jul

Posted at 11:30h in News

On the basis of Art. 229, para. 5 of the Social Insurance Code, „PAC DallBogg: Life and Health“ announces amendments and additions to the Rules for the organization and activity of VPF „DallBogg: Life and Health“, as follows:

–  The title of Ordinance No 9 of 19.11.2003 of the FSC in the section „Abbreviations used“, Art.9, para.2; Art.12, para.9; Art.14, para.3; Art.18, para.2; Art.19, para.2, p.2; Art.24, para.2, p.1; Art.25, para.1, p.1, para.3, p.1, para.4, p.1-2, para.5; Art.26, para.6, para.7, p.1; Art.28, para.2, p.1, para.3, p.1, letter „а“, para.5-6; Art.35, para.1, p.1, letter„ d“-„e“, para.3; Art.37; Art.40, para.1, p.1; Art.44; Art.45, para.2, p.3; Art.46, para.2, 3, 5, 6, 8, 9, 11, 14; Art.47, para.1; Art.48, para.1-3, para.5-7; Art.52, para.6; Art.53, para.3-6, para.11, 13, 14, 16-19; Art.54, para.2; Art.56, para.13, p.1, para.14, p.3; Art.60, para.3; Art.63, para.3, p.1; § 1 of the Transitional and final provisions.

Announcements of changes shall be published in the Telegraf and Trud newspapers.

The current document is available in Bulgarian and can be found here.

31 Mar

Posted at 12:00h in Uncategorized

This information is intended for clients of the funds managed by „PAC DallBogg: Life and Health“ and aims to raise awareness about the process of introducing the euro in the country

In accordance with Regulation (EC) № 974/98 of the Council of the European Union, as of the date of introduction of the euro in the Republic of Bulgaria, the currency of the country is the euro.

On the date of introduction of the euro „PAC DallBogg: Life and Health“ will convert the amounts in levs into euros in the individual accounts of insured persons, in the analytical accounts of persons receiving deferred payments, in pensions granted, and in other payments.

Conversion rule

The conversion represents a change in the currency unit from levs to euros, applying the official exchange rate and the rounding rules established in the Law on the Introduction of the Euro in the Republic of Bulgaria.

The official exchange rate of the lev to the euro is the irrevocably fixed exchange rate of the lev to the euro (1 euro = 1.95583 levs), as defined in the Regulation of the Council of the European Union, adopted in accordance with the Treaty on the Functioning of the European Union.

The conversion from levs to euros is performed by dividing the numerical value in levs by the full numerical value of the official exchange rate, expressed in six digits with all five digits after the decimal point. The official exchange rate shall not be rounded or abbreviated when performing the conversion.

Rule for rounding shares

The value of one share in euros of a supplementary pension insurance fund, valid for the first working day from the date of introduction of the euro in the Republic of Bulgaria, shall be calculated by converting the net asset value of the fund in levs at the end of the previous working day in accordance with the conversion and rounding rules adopted in the Law on the Introduction of the Euro in the Republic of Bulgaria and dividing it by the total number of shares in the fund at the end of the same day. The values of the shares shall be rounded to the fifth decimal place in accordance with the following rules:

  • when the sixth digit after the decimal point is less than five, the fifth digit after the decimal point remains unchanged;
  • when the sixth digit after the decimal point is five or greater, the fifth digit after the decimal point is increased by one.

When using the values of a share in a supplementary pension insurance fund valid prior to the date of introduction of the euro in the Republic of Bulgaria, a conversion from levs to euros shall be performed by dividing the value of one share by the full numerical value of the official exchange rate and rounding the resulting value to the fifth digit after the decimal point.

 

Rule for rounding amounts

After conversion, amounts shall be rounded to the second decimal place based on the third decimal place in accordance with the following mathematical rounding rule:

  • when the third digit after the decimal point is less than five, the second digit after the decimal point remains unchanged;
  • when the third digit after the decimal point is five or greater, the second digit after the decimal point is increased by one.

When the National Revenue Agency transfers social security contributions for supplementary mandatory pension insurance to the pension insurance company, relating to months prior to the introduction of the euro in the Republic of Bulgaria, they shall be calculated in accordance with the provisions of the Social Security Code and converted in accordance with the Law on the Introduction of the Euro in the Republic of Bulgaria.

 

Obligation for dual display when providing financial services

„PAC DallBogg: Life and Health“ shall display dual currency in euros and levs:

  • the funds available in the individual insurance accounts of insured persons, in supplementary pension insurance funds, as well as the funds in the analytical accounts of persons receiving payments from deferred payment funds, at the end of the calendar year prior to the date of introduction of the euro.
  • The information shall be provided free of charge to persons by May 31 of the year of introduction of the euro in the Republic of Bulgaria.
  • the amount of fees and deductions for the services provided by the funds – the period shall commence one month after the date of entry into force of the Decision on the adoption of the euro and shall end 12 months after the date of introduction of the euro in the Republic of Bulgaria.
  • The information shall be published on the company’s official website and shall be provided free of charge to persons upon request.

 

Access to information

Within one year of the date of introduction of the euro in the Republic of Bulgaria, each client of the funds managed by „PAC DallBogg: Life and Health“ shall be entitled to receive information on the monetary values in levs of individual accounts, analytical accounts, as well as the amount of pensions and other payments as at the date of conversion. The information is provided free of charge within 7 days of the request, which you can submit at the company’s office or by email: [email protected].

Contractual relations

The introduction of the euro does not change the effect of contracts concluded with „PAC DallBogg: Life and Health“ with references to the lev or with references to the lev. The amounts specified in levs in existing legal instruments shall be considered amounts in euros when applying the official exchange rate and the rules for conversion and rounding.

The terms specified in the concluded contracts shall remain in force. The introduction of the euro shall not release any of the parties from their commitments, nor shall it provide grounds for unilateral amendment or termination of the contract.

14 Feb

Posted at 10:00h in Uncategorized

High yield, liquid yield!

Choosing the right pension company is not just an administrative matter – it is one of the most important financial steps in our lives

An interview by Maria Kouzmanova

with Biser Ivanov, CEO of “POD DallBogg: Life and Health”

__________________

Mr. Ivanov, you lead the newest and very successful pension insurance company, and we are working, we have savings: how to secure a better financial future?

Many people ask themselves, “Will my pension be enough for me to live comfortably after my working career?” or “Will I be able to have so-called ‘golden years’ as a pensioner?” and “How can I make my money work for me?”. The truth is that our financial future depends on the decisions we make today. To ensure a peaceful old age, we need to invest our retirement funds properly.

Pension provision is no longer just a mandatory element of our career path – it is a strategic decision that will determine our standard of living in retirement. The funds we contribute to second and third pensions do not and should not just sit on deposit – they must work for us, yield a high return and be liquid to maintain and increase their value over time. To achieve this clear objective, what matters most is which pension fund we choose today, regardless of where we were allocated long ago or not so long ago. The right choice of pension company to manage our funds for the long term starts with its stability, investment strategy, reported returns over the last 24 months and of course – clarity of structure and ownership allocation.

With strict regulatory stability guaranteed, what does “high yield” mean?

Interest rates are low and will fall further. Excellence in so-called deposit money management cannot or rarely reach the 6.94% average set by the Financial Supervision Commission (FSC). High returns are not just an abstract concept – they are the real result of proper, i.e. far-sighted, investment management. A successful pension insurance company must achieve a return above the market average and the return set by the regulator.

High returns are achieved by:

  • Diversification of assets: investments in different economic sectors, different currencies, different investment classes and regions, which reduces risk;
  • Choosing stable financial instruments – stocks, bonds, funds and other assets that deliver long-term returns;
  • Proactive management – the company’s ability to “anticipate” market changes and optimize the investment portfolio.

We strive to ensure that our money does not lose value over time – on the contrary, it should grow and provide us with a better standard of living in retirement.

We at the youngest pension insurance company in Bulgaria “POD DallBogg: Life and Health” set a good example by achieving an annualised return of 9.36% on an annualized basis for the last 24-month period. This return for our insured persons exceeds the 6.94% average set by the FSC for universal pension funds (UPF). A similar annualised return of 9.25% was recorded in the DallBogg: Life and Health Voluntary Pension Fund (VPPF), which offers a reasonable option for investing saved funds – instead of interest-free bank deposits.

What is ‘liquid yield’ and why is it so important for savers?

In addition to a high yield, it is essential that investments are liquid. Liquidity means that pension assets can be easily and quickly converted into cash when needed.

Liquidity is achieved by:

  • Investing in instruments in stable financial markets – large, developed economies – with high trading volumes;
  • Asset allocation in liquid securities – easily marketable at a fair price;
  • Flexible investment strategy – ability of the pension company to respond quickly to market conditions by successfully switching from one asset to another.

Liquidity provides additional security because it enables pension funds to respond appropriately to economic changes, to ensure timely payment of pensions and to protect the accumulated funds of insured persons.

When is the right time to choose a pension fund?

Our financial stability after retirement depends on the decisions we make today. Therefore, it is important for everyone to check which pension fund they are insured in and analyse its profitability. We should choose a pension company that does not just manage our funds, but actively works to increase them.

Here are the steps:

  • Check which fund we are insured in – does it meet our expectations of growth and stability?
  • Analyse its performance – is it delivering above-average results?
  • Make an informed choice – if necessary, switch to a better fund.

Our money needs to work for us consistently – it’s time to make wise choices!

Special Reserve ____________________________
These results are not related to future performance and do not guarantee positive return. It is not guaranteed that the funds in the individual accounts at OPF „DallBogg: Life and Health“ will keep their full amount. 

A description of the significance of the achieved rate of return and investment risk indicators

Nominal return – this is the return achieved on the management of a fund’s assets. It is calculated by dividing the difference between the value per unit of the fund valid for the last business day of the relevant year and the value per unit of the fund valid for the last business day of the previous year by the value per unit valid for the last business day of the previous year.

Standard Deviation – is a statistical measure of the dispersion of the values of a random quantity about its average or expected value. Standard deviation is accepted as one of the main indicators for measuring the risk of an investment portfolio.

Sharpe Ratio – an indicator that compares the returns achieved from managing an investment portfolio and the risk taken to achieve those returns.

The methodology for calculating the achieved nominal return and the level of investment risk is in accordance with Annex 15 of the „Regulation № 61/ 27.09.2018 of the FSC.

The investment policies of the funds managed by „PAC DallBogg: Life & Health“ are available on the Company’s website – https://dallbogg.bg, section „Investments“/ Rate of return and risk

 A description of the significance of the achieved rate of return, the level of investment risk, the methodology for calculating and the investment policy of the fund are available on the Company’s website – https://dallbogg.bg, section „Investments“/ „Rate of return and risk“.

 A comparison with the data can be made on the Financial Supervision Commission website (https://www.fsc.bg), section “Social Insurance activity”/ “Statistics”/ “Statistics and Analysis”/ 2023-2024

05 Feb

Posted at 09:00h in News

An interview of Maria Kouzmanova with Angel Terziev, CEO of “POD DallBogg: Life and Health”

The investment strategies of pension companies largely determine the long-term outcomes for the insured. What does your pension fund invest in?

Our focus is global financial markets, and investment decisions are based on deep analysis and strategic planning. Investments in financial instruments and blue-chip companies in three of the world’s most dynamic and promising markets – North America, Europe and Asia – expand growth opportunities and control risk by allocating assets across economic regions. Geographic, subject and currency diversification is guaranteed by law, ensuring a sustainable process and allowing us to deliver stable, long-term results for our investors.

The investment portfolio that we manage features high quality and transparency with a modern diversification strategy. The aim is to achieve sustainable growth and security for pensioners in their investments, without disguising investments in and lending to related companies or swapping investment packages under backroom arrangements.

Our ownership is crystal clear and the contents of our investment portfolio can be checked quarterly on the DallBogg: Life & Health Pensions website. The same check can be made on the website of any other pension company in Bulgaria and then everything will become clear.

As the youngest pension insurance company in Bulgaria, what results are you reporting?

Pension assurance fund DallBogg: Life and Health has achieved an annualised return for the last 24-month period of 9.36%. This yield for our selected insured persons exceeds the average 6.94% set by the Financial Supervision Commission (FSC) for universal pension funds (UPF). A similar return of 9.25% p.a. was recorded in the voluntary pension fund (VPPF) of DallBogg: Life and Health, which offers a reasonable option for investing saved funds – instead of interest-free bank deposits.

Our insured persons have peace of mind and confidence in their future because we comply with all requirements and standards imposed by European and Bulgarian legislation and regulatory authorities – all guarantees of transparency and reliability. We believe that a high degree of regulation is a key factor in protecting the interests of all customers and in the long-term stability of investments.

What advice would you give to young people for whom pensions seem distant and complicated?

I urge them to take an active interest in their financial future – because as we invest today, so will we live tomorrow! The first step is to find out which pension fund their money is allocated to for retirement, how much money they have accumulated, what returns they have achieved – it is a good idea to collect their account statements. It is important to know what the investment portfolio of their insurance company is – are they established global and Bulgarian companies with a solid financial foundation, proven business model and long-term growth potential? Do they include highly capitalised companies operating in key sectors such as technology, healthcare, energy and consumer goods, known for their sustainable performance and reliability?

DallBogg Pensions have launched a campaign to bring the opportunities offered by pensions to the attention of active working people. Our well-trained experts answer many questions daily, offer objective and professional analysis, and can provide the best possible solutions. Because sound decisions today for your financial well-being tomorrow are invariably based on forward-thinking investments in a transparent and forward-looking portfolio that meets the highest industry standards.

Special Reserve ____________________________
These results are not related to future performance and do not guarantee positive return. It is not guaranteed that the funds in the individual accounts at OPF „DallBogg: Life and Health“ will keep their full amount. 

A description of the significance of the achieved rate of return and investment risk indicators

Nominal return – this is the return achieved on the management of a fund’s assets. It is calculated by dividing the difference between the value per unit of the fund valid for the last business day of the relevant year and the value per unit of the fund valid for the last business day of the previous year by the value per unit valid for the last business day of the previous year.

Standard Deviation – is a statistical measure of the dispersion of the values of a random quantity about its average or expected value. Standard deviation is accepted as one of the main indicators for measuring the risk of an investment portfolio.

Sharpe Ratio – an indicator that compares the returns achieved from managing an investment portfolio and the risk taken to achieve those returns.

The methodology for calculating the achieved nominal return and the level of investment risk is in accordance with Annex 15 of the „Regulation № 61/ 27.09.2018 of the FSC.

The investment policies of the funds managed by „PAC DallBogg: Life & Health“ are available on the Company’s website – https://dallbogg.bg, section „Investments“/ Rate of return and risk

 A description of the significance of the achieved rate of return, the level of investment risk, the methodology for calculating and the investment policy of the fund are available on the Company’s website – https://dallbogg.bg, section „Investments“/ „Rate of return and risk“.

 A comparison with the data can be made on the Financial Supervision Commission website (https://www.fsc.bg), section “Social Insurance activity”/ “Statistics”/ “Statistics and Analysis”/ 2023-2024

18 Jul

Posted at 14:00h in News

The Financial Supervision Commission published the data on the profitability of the supplementary pension funds for the period 30.06.2022 – 28.06.2024. Pension insurance companies are obliged to achieve a certain minimum yield in the management of supplementary compulsory pension insurance funds. Each quarter, the FSC determines a minimum return in percentage terms separately for universal and occupational pension funds based on the previous 24-month period of the achieved return from the management of the assets of all funds of the respective type. The compulsory funds managed by DallBogg: Life and Health have again reported outstanding performance over the last two years.

After the DallBogg: Life and Health Professional Pension Fund achieved a remarkable success in the previous quarter for a 24-month look back period, the data shows that DallBogg’s PPF also achieved a return of 8.30%, which exceeds the maximum return calculated by the FSC for this period of 7.85%. This has allowed the Fund to set aside a reserve to ensure that the minimum yield is achieved for future periods.

Excellent results for the period were also shown by DallBogg’s PPF, which ranked third among professional pension funds with a yield of 5.73%.

This remarkable result reflects the Company’s commitment to continuously improve investment strategies and deliver significant benefits to its assured persons. Strict adherence to high governance standards and a constant focus on client needs has established DallBogg as a stable and responsible partner in the pension-sector.

Anyone wishing to receive professional service and have their funds managed by a motivated team with extensive experience in the financial sector can contact the experts here.

___________________________ Special Reserve ____________________________

These results are not related to future performance and do not guarantee positive return. It is not guaranteed that the funds in the individual accounts at OPF „DallBogg: Life and Health“ will keep their full amount. 
A description of the significance of the achieved rate of return and investment risk indicators
Nominal return – this is the return achieved on the management of a fund’s assets. It is calculated by dividing the difference between the value per unit of the fund valid for the last business day of the relevant year and the value per unit of the fund valid for the last business day of the previous year by the value per unit valid for the last business day of the previous year.
Standard Deviation – is a statistical measure of the dispersion of the values of a random quantity about its average or expected value. Standard deviation is accepted as one of the main indicators for measuring the risk of an investment portfolio.
Sharpe Ratio – an indicator that compares the returns achieved from managing an investment portfolio and the risk taken to achieve those returns.
The methodology for calculating the achieved nominal return and the level of investment risk is in accordance with Annex 15 of the „Regulation № 61/ 27.09.2018 of the FSC.
The investment policies of the funds managed by „PAC DallBogg: Life & Health“ are available on the Company’s website – https://dallbogg.bg, section „Investments“/ Rate of return and risk
 A description of the significance of the achieved rate of return, the level of investment risk, the methodology for calculating and the investment policy of the fund are available on the Company’s website – https://dallbogg.bg, section „Investments“/ „Rate of return and risk“.
 A comparison with the data can be made on the Financial Supervision Commission website (https://www.fsc.bg), section “Social Insurance activity”/ “Statistics”/ “Statistics and Analysis”/ 2023-2024

22 Jun

Posted at 10:00h in News

Recently, the Financial Supervision Commission published the final data on supplementary pension insurance activity for the first quarter of 2024. The results track the status and development of pension funds and investment returns, clearly outlining the pace of development of this important sector in Bulgaria’s economy.

For the first reporting period, the last two years, the youngest pension insurance company, DallBogg Pensions: Life and Health, achieved a 5.58% return in its Occupational Pension Fund. The period encompassed the severe effects of the Covid-crisis as well as the devastating energy crisis, including two major wars, all of which impacted global product and financial markets. High inflation and high lending rates have also affected stock exchanges around the world in different ways. The volatility in the markets has caused uncertainty among investors, leading to considerable volatility in the prices of investment instruments and even indices such as the S&P 500, NASDAQ and Dow Jones have experienced large fluctuations. In response to increased inflation, interest rates have risen and remain predominantly at high levels worldwide, and many investors have shifted their capital away from equities towards lower-risk assets.

Amid this turmoil, the DallBogg Occupational Pension Fund not only managed to recover from a difficult 2022, but also to deliver a return of 9.49 per cent on its clients’ individual accounts at the end of 2023. For the period 31.03.2022 – 29.03.2024, the fund outperformed all other occupational pension funds in terms of returns, exceeding by 1.09% the maximum calculated by the FSC for those 24 months. Thus, the youngest  Occupational Pension Fund in the country has set aside a reserve to serve as a future guarantee for the insured – this brings additional security for their pension investments.

Fear, panic and irrational decisions have led the way between 2022 and 2023, and only the most far-sighted and courageous have been able to overcome them in time to reap the rewards of their insight and hard work. DallBogg: Life and Health put in the effort and resources to adapt in time to the changing economic and geopolitical parameters. Through agile and expert management, the company has provided additional benefits to its insureds.

Financial experts also noted the success of the DallBogg: Life and Health Universal Pension Fund, which achieved an enviable return for 2023 and delivered a 10.08% increase in its customers’ account balances. For the period 31.03.2022 – 29.03.2024 it achieved a return of 3.73% and ranked ahead of all other universal funds.

For the mentioned 24-month period, the universal fund managed by “DallBogg: Life and Health” Pensions not only overcame the volatility of the financial markets, but also, through an adequate strategy and expert approach, managed to outperform the other nine funds of the same type (some with below-weighted average returns, others even with negative returns).

According to the FSC, when comparing the results of the supplementary mandatory pension insurance business for the first quarter of 2024 compared to the end of 2023, the growth rate of the two mandatory funds (PPF and UPF) managed by  DallBogg: Life and Health Pensions is rapid and significant, which is an important indicator for measuring both the development of a company and the willingness of insured persons to change. For example, the number of clients and the amount of net assets in the DallBogg Ocupational Fund: Life and Health are increasing on a monthly basis, with the fund reporting an increase of 17.80% (vs. 0.44%average for the period for all professional funds) and 15.57% (vs. 3.66% average) respectively at the end of March 2024 compared to the end of 2023 figures. These performances significantly exceed those of the other nine occupational pension funds, while some of them even show a decline in the number of insured persons.

In the first three months of 2024, the number of insured persons in the DallBogg: Life and Health Universal Pension Fund increased by 14.99% (compared to an average of 0.58% for all universal funds over the period), and net assets increased by 15.21% (compared to an average of 4.72%). Within just one quarter, this growth is indicative of the high targets so far followed by expected results. And that’s not all. The data published by the FSC for the previous year is also interesting, and a careful review reveals that in all quarters of 2023. DallBogg: Life and Health Occupational and Universal Pension Fund are moving up on both indicators – number of insured persons and net assets. In one calendar year, clients in the professional fund increased by over 240% compared to December 2022, which is 120 times the average change for all professional funds in 2023. At the end of 2023, the net assets of the DallBogg: Life & Health Occupational Fund increased by over 250% compared to the end of 2022, which is more than 16 times the average change for the same funds over the period.

The performance of the DallBogg Occupational Fund: Life and Health in 2023, compared to the end of 2022, also outperforms all other universal funds and the numbers speak for themselves: the dynamics of the number of insured persons in the fund translates into an increase of 115%, which is more than 56 times the average change for all universal funds, and the change in net assets is close to 100%, i.e. almost 5 times the average increase over the period of funds of the same type.
Moving onwards and upwards has clearly been the main objective of POD DallBogg: Life and Health since the launch of its supplementary pension business. The remarkable performance of the company’s mandatory Occupational Fund and Universal Fund in the past 2023, in the first quarter of 2024, and for the past two-year period (31.03.2022 – 29.03.2024) has clearly highlighted the need for an alternative in the pension insurance market, which the youngest pension insurance company has provided to the Bulgarians.

Trends around the world and at home show that supplementary voluntary pension insurance is becoming an increasingly popular way to invest. All those who wish to receive professional service and have their funds managed by a motivated team with extensive experience in the financial sphere can contact the experts here.

___________________________ Special Reserve ____________________________

These results are not related to future performance and do not guarantee positive return. It is not guaranteed that the funds in the individual accounts at OPF „DallBogg: Life and Health“ will keep their full amount. 
A description of the significance of the achieved rate of return and investment risk indicators
Nominal return – this is the return achieved on the management of a fund’s assets. It is calculated by dividing the difference between the value per unit of the fund valid for the last business day of the relevant year and the value per unit of the fund valid for the last business day of the previous year by the value per unit valid for the last business day of the previous year.
Standard Deviation – is a statistical measure of the dispersion of the values of a random quantity about its average or expected value. Standard deviation is accepted as one of the main indicators for measuring the risk of an investment portfolio.
Sharpe Ratio – an indicator that compares the returns achieved from managing an investment portfolio and the risk taken to achieve those returns.
The methodology for calculating the achieved nominal return and the level of investment risk is in accordance with Annex 15 of the „Regulation № 61/ 27.09.2018 of the FSC.
The investment policies of the funds managed by „PAC DallBogg: Life & Health“ are available on the Company’s website – https://dallbogg.bg, section „Investments“/ Rate of return and risk
 A description of the significance of the achieved rate of return, the level of investment risk, the methodology for calculating and the investment policy of the fund are available on the Company’s website – https://dallbogg.bg, section „Investments“/ „Rate of return and risk“.
 A comparison with the data can be made on the Financial Supervision Commission website (https://www.fsc.bg), section “Social Insurance activity”/ “Statistics”/ “Statistics and Analysis”/ 2023-2024

30 Apr

Posted at 12:00h in News

DallBogg: Life and Health’s Universal Pension Fund ranks ahead of all other universal pension funds int  he country

The Financial Supervision Commission published the data on the profitability achieved by the supplementary pension funds for the period 31.03.2022 – 29.03.2024.

For the first time the funds managed by “DallBogg: Life and Health” are included as the requirement is to have been active in the period of the yield announcement. The official FSC data is available here.

In a few words: the result is impressive. DallBogg OPF achieved a return that exceeded the maximum calculated for the 24-month period announced. The fund will set aside a reserve of 1% of the net assets under management.

DallBogg: Life and Health Universal Pension Fund did just as well, ranking ahead of all other universal funds in terms of returns achieved over the same period.

Insured persons in the OPF and UPF managed by DallBogg: Life and Health can enjoy their forward-looking choice of funds that bring them satisfaction and smiles. All those who wish to receive professional service and have their funds managed by a motivated team with extensive experience in the financial industry can contact the experts here.

*The charts above are based on data from the Financial Supervisory Commission and can be compared at https://www.fsc.bg/, Insurance/ Statistics/ Statistics and Analysis/ 2024/ Supplementary Pension Fund Returns for the period 31.03.2022 to 29.03.2024 on an annual basis.

*The results shown are not linked to future performance and do not guarantee positive returns. For the DallBogg: Life and Health OPF, the funds deposited in the individual accounts are not guaranteed to be retained in full.

09 Mar

Posted at 14:00h in News

by Veronika Yordanova and Biser Ivanov

Investing in your future through retirement savings in a voluntary pension fund (VRF) is not only fashionable, but also very beneficial for personal finances and family security. High discipline and persistence in voluntary saving for retirement, from early or middle age, yields lasting results. Fund managers, within strictly regulated limits, are responsible for diversifying and balancing risk – with care to provide ever higher returns. We received thousands of questions, many positive comments and advice on the published annual return figures for universal pension funds in Bulgaria for 2023. Therefore:

  1. The results achieved in the relatively stable and safe, due to the extremely strict regulation, investment process speak for themselves:

  1. The award-winning American investor Warren Buffett, 93, also called the “Oracle of Omaha” because he lives in the state of Nebraska, defines successful investing as a snowball that we or our chosen stewards of our money – funds and others – roll down a snowy slope. If the slope is longer, i.e., if we start saving at an early age and live longer, even if the initial “snowball” is small, it will grow significantly at a 10% annual return. We will achieve the same result if we start with a larger ‘snowball’ in mid-life, again due to the same ‘compounding’ or ‘compound interest’ effect; in company growth there is a similar concept – Compound Annual Growth Rate, CAGR ). In other words, as a new 10% is added each year on top of the original investment, it also increases by 10% on the realised and compounded returns over the past years.
  2. Buffett’s example in dollars, which could be even more valuable in euros or euros at a 10% annual return if the depreciation of the dollar continues significantly longer:

10 thousand dollars invested today at a 10% annual compounded return will become almost 175 thousand dollars in 30 years, more than 450 thousand dollars in 40 years, and 1,170 million dollars in 50 years. The same extrapolation can be made for a 100 thousand initial investment in a voluntary pension fund over 30 years and a 10% annual compounded return, the amount could reach 1.750 million (i.e., 17.5 times or 17,500 percent increase); over 40 years, 4.5 million, and over 50 years the same amount, at the same annual return, could reach11.7 million!

Of course, all the examples and models are under the condition of actually achieved annual returns in a real maintained account (batch) with accumulation over the whole period.

______________________________ Special Reserve ____________________________

A description of the significance of the achieved rate of return and investment risk indicators
Nominal return – this is the return achieved on the management of a fund’s assets. It is calculated by dividing the difference between the value per unit of the fund valid for the last business day of the relevant year and the value per unit of the fund valid for the last business day of the previous year by the value per unit valid for the last business day of the previous year.
Standard Deviation – is a statistical measure of the dispersion of the values of a random quantity about its average or expected value. Standard deviation is accepted as one of the main indicators for measuring the risk of an investment portfolio.
Sharpe Ratio – an indicator that compares the returns achieved from managing an investment portfolio and the risk taken to achieve those returns.
The methodology for calculating the achieved nominal return and the level of investment risk is in accordance with Annex 15 of the „Regulation № 61/ 27.09.2018 of the FSC.
The investment policies of the funds managed by „PAC DallBogg: Life & Health“ are available on the Company’s website – https://dallbogg.bg, section „Investments“.
A description of the significance of the achieved rate of return, the level of investment risk, the methodology for calculating and the investment policy of the fund are available on the Company’s website – https://dallbogg.bg, section „Investments“/ „Rate of return and risk“.

15 Feb

Posted at 09:00h in News

Along with the skillfully managed funds – universal, professional, voluntary and life pension funds, “POD DALLBOGG: Life and Health” EAD has established its own lifelong pension fund. By Decision No. 82-FFP dated 13.02.2024, the Financial Supervision Commission entered the Fund in the register under Article 30, paragraph 1, item 13 of the Financial Supervision Commission Act.

At DallBogg Pensions we guarantee stability and security for all our clients. Our commitment is unwavering and we take responsibility that every payment will be made on time, with personalized care and professionalism, and we will provide peace of mind and well-being to those who trust us.

You can find more information about the Fund here in Bulgarian.