Hungarian schemes call on European Commission to fight new law

clock •

HUNGARY - Hungary's Stabilitas Fund Association has written to the European Commission requesting "immediate help" in fighting the government's pension reform plans.

In a letter to EC president José Manuel Barroso, the association asked the EC to "protect interest of 3 million Hungarian citizens" following the new law voted in by the government yesterday.(Globa...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Chris Panteli

View profile
More from Chris Panteli

Investing in longevity: Age is an asset class

PGGM close to acquiring majority stake in UPP - reports

More on Hungary

Hungary

Hungary to cancel $7.5bn of bonds after pensions takeover

HUNGARY - Hungary will cancel about 1.5trn forint ($7.5bn) of bonds after taking over the assets of privately managed pension funds to "immediately" cut indebtedness, according to the Debt Management Agency.

Andras Gergely at Bloomberg News
clock 22 February 2011 •
Hungary

Hungary pension changes were 'negative,' - Moody's

HUNGARY - Hungary's decision to bring the majority of private-pension savings under state control was "credit negative" and a key factor behind downgrading the country's debt rating, Moody's Investor Service said.

Balazs Penz and Agnes Lovasz at Bloomberg News
clock 16 February 2011 •
Hungary

CEE Stock Exchange sees slump in Budapest trading on pensions

EUROPE - The CEE Stock Exchange Group, which includes bourses in Vienna, Budapest, Prague and Ljubljana, said trading volumes may drop this year in the Hungarian capital following the nationalisation of private pension funds.

Bloomberg News
clock 04 February 2011 •
Trustpilot