The Slovakian government has passed a pensions bill that is scheduled to be effective from April, IPE reports. As per the bill, second-pillar pension schemes will become mandatory for new employees and some schemes will lose their guarantees, while others will have to commit a minimum 20 percent to risky assets. The pension fund range will be extended by an index tracker fund. All funds except the conservative bonds-only funds will lose their guarantees, which pension fund companies had to grant. Customers, so far allowed to choose one fund only, can now divide their assets between one guaranteed fund and one other fund.
Click here for the story from IPE.
