Czech Premier mulls 'low-cost' state pension fund in revamp

clock •

CZECH REPUBLIC - The Czech government is considering setting up a "low-cost" state-run pension fund to oversee people's retirement savings which may put pressure on private pension managers to keep fees low.

The Cabinet should have all draft laws for overhauling the deficit-making pay-as-you-go pension system ready "in three to six months," Prime Minister Petr Necas told a conference in Prague today. D...

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

More on Czech Republic

Czech Republic

Czech pension plan positive for stocks, bonds, Nomura says

CZECH REPUBLIC - Czech pension-overhaul plans are positive for stocks, bonds and the koruna and may help the country win a higher credit rating, Nomura International said.

Agnes Lovasz at Bloomberg News
clock 23 February 2011 •
Czech Republic

Czech Republic approaching agreement on pension overhaul

CZECH REPUBLIC - Prime Minister Petr Necas said the three ruling-coalition parties have moved closer to an agreement on how to overhaul the pension system which he sees as the "crucial" task for the government.

Peter Laca at Bloomberg News
clock 31 January 2011 •
Czech Republic

Czech premier confident on finding pension compromise

CZECH REPUBLIC - Czech Prime Minister Petr Necas said his coalition government will find a compromise on overhauling the pension system within two months that strengthens private savings for retirement.

Peter Laca at Bloomberg News
clock 06 January 2011 •
Trustpilot