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DSS & Co. to get investment boundaries

The rules on the second and third pension pillar might change, the economic daily Hospodárske Noviny reported on February 20.

The rules on the second and third pension pillar might change, the economic daily Hospodárske Noviny reported on February 20.

The changes will be included in the so-called big amendment to the social insurance law, which should take effect from January 1, 2009. The changes chiefly concern limits for use of individual investment tools by pension fund management companies and supplemental pension saving companies. Shares should occupy a decisive position in investing assets, since they are less risky from the long-term viewpoint.

The changes will also increase the guarantees of future pension payments. However, conservative investing could, on the other hand, bring lower yields. SITA

Compiled by Zuzana Vilikovská from press reports

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