Pension funds shift to private hands

Jan 09, 2003

RIGAThe Latvian State Treasury expects some 30 percent of the pension fund money it manages to go under management of private pension funds as of Jan. 1, 2003, as taxpayers are now free to chose any pension fund manager. The state treasury's funded pension administration sector head Uldis Pauksens said that the treasury was expecting as much as 30 percent of the pension funds to go under private fund management, and that this would not cause any loss or complications for managing the remainder. ...

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