The responsiveness and dynamism of the FRR
encourages the development of sustainable finance

The FRR's role

The pensions reforms introduced in 2010 have significantly changed the FRR’s investment objectives.

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Letter from the Chairmen

As of 31 December 2013, the market value of the FRR’s assets was EUR 36.3 billion, down by EUR 300 million on 31 December 2012. As it has done ever y year since 2011, the FRR paid EUR 2.1 billion to the “Caisse d’Amortissement de la Dette Sociale” (CADES) without receiving any external revenues. In total, since 1 January 2011, the FRR has paid EUR 6.3 billion to the CADES...

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