Management Company

Generali Voluntary Pension Fund Management Company was the first company in Serbia that was granted an operating licence by the National Bank of Serbia on 8 September 2006. Just like many countries worldwide, our country joined the reform of the pension system and introduced the voluntary pension funds option.

This has enabled citizens who want additional security in their old age to pay contributions to voluntary pension funds, either on their own or through their employers, and save money for their retirement. Generali manages two voluntary pension funds:

  • Generali Basic – a conservative, balanced voluntary pension fund whose investment goal is appreciation of funds in the long term
  • Generali Index – a conservative voluntary pension fund whose investment goal is to maintain the asset value in the euro equivalent

Generali Voluntary Pension Fund Management Company was established by Generali Osiguranje, one of the leaders on the Serbian insurance market and a joint-stock company of Delta Holding and Generali Group. With a 180-year long tradition, Generali Group is one of the leading insurance companies in the world, operating in five continents and 68 countries, and employing around 85,000 people. In 2010, Generali Group had over 73 billion euros in insurance premiums (

The operating principles of voluntary pension funds are different from those of insurance companies in the field of life insurance. In insurance companies, the funds that the insured pays towards the life insurance premium are not separated from the assets of those companies. In voluntary pension funds, however, the assets of the fund are completely separate from the assets of the management company and are the exclusive property of the fund members, in proportion to their contributions. Consequently, the members of the fund can monitor the value of their contribution on daily basis, and the entire generated revenue is ascribed to the individual members of the fund.

Voluntary Pension Fund Management Company Generali, Beograd

Address Milentija Popovića 7b, 11070 Novi Beograd
Telephone +381 (0)11 20 11 764
Company Identification Number 20200677
Tax Identification Number 104610460
Reference number of decision to issue the VPF management licence G-br 8072 od 08/09/2006
Custody Bank Unicredit Bank, Srbija ad Beograd, Rajićeva 27-29, 11000 Beograd