Pensions & Personal Finance

Kliment Robev’s material on this topic links retirement security and personal finance through one idea: a long horizon, discipline and an understanding of risk matter more than promises of quick profit. His doctoral research is on Bulgaria’s pension system (the first and second pillars, universal pension funds and the multi-fund model), and his two academic papers are on pension funds in Bulgaria.

Protecting savers is a constant theme. In 2024, in “Easy money? Think again!”, he warned against pyramid schemes on social media and set out the warning signs: promises of large, fast profits, vague explanations, a sense of urgency and the absence of a licence. In a 2026 podcast on modern financial scams he developed the subject further – from the Ponzi scheme to fake videos and unregulated intermediaries – and the safeguards discussed include checking the Financial Supervision Commission’s register.

The other strand is practical: how to invest savings already built up – all at once, in monthly instalments or by buying on dips from a reserve set aside in advance. In Robev’s view there is no single right answer; the difference lies less in returns than in how the investor feels along the way, and the biggest mistake is to stop contributions during a downturn. The price of risk was also at the centre of a panel on high-yield strategies that he moderated in 2026. The material also includes a training course for lecturers who teach personal finance to students, the first of its kind in Bulgaria.