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.
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.
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.
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.
CZECH REPUBLIC - Czech Finance Minister Miroslav Kalousek wants changes to the pension program, aimed at reducing the fiscal deficit and improving the country's credit rating, to take effect by 2012.
CZECH REPUBLIC - The Czech Republic's debt rating may be raised if the new government follows through on pledges to reduce spending, including an overhaul of the pension system, Standard & Poor's said.
CZECH REPUBLIC - The Czech government has provisionally approved sweeping changes to the country's pension system, designed to curb massive potential future deficits and reform the economy.
CZECH REPUBLIC - The five pension reform proposals put forward by the main political parties have been declared by the OECD as a positive step towards a consensus on the matter, however each one could do with some improvement, the organisation noted....
CZECH REPUBLIC - The strongest parties in government must come to an agreement on the pensions reform and the smaller ones will have to reconcile themselves with that decision, claimed outgoing labour and social affairs minister Zdenek Skromach.
CZECH REPUBLIC - The Organisation for Economic Co-operation and Development has praised the transparent method in which the five main political parties have lodged pension reform proposals.
CZECH REPUBLIC - Supervision of supplementary pension insurance in the Czech Republic has been transferred from the Czech Securities Commission (KCP) and the Finance Ministry to a single institution, the Czech National Bank (CNB).
CZECH REPUBLIC - The IMF has urged the Czech government to speed up the formulation of pension proposals to restrict the rising public debt.
CZECH REPUBLIC - The Czech government is set to discuss the basics of pension reform which will form the framework for new pension calculations, the Czech News Agency reported.
CZECH REPUBLIC - Czech trade unions and the Opposition have rejected the government's pension reform plan, according to BBC Monitoring International.
CZECH REPUBLIC - Amendments to the Czech Republic pension system, passed three years ago, are leading to an increase the numbers of employees covered.
CZECH REPUBLIC - Institutional investors, including pension funds, are looking to raise their real estate exposure in the Czech Republic, writes the Hospodarske noviny HN newspaper.
CZECH REPUBLIC - Thirtysomethings in the Czech Republic are being warned not to wait on the government's long awaited pension reforms and to take out private provision before it is too late.
CZECH REPUBLIC - ING Penzijni Fonds (ING PF), the Czech market's fifth largest pension fund, saw its first half profit raised by 59% to Kc184m from Kc115m last year, writes CTK, the Czech News Agency.
CZECH REPUBLIC - The number of individuals opting for private insurance has grown by 143,000 this year, according to a report by the Czech News Agency (CTK).
CZECH REPUBLIC - The Czech voluntary insurance system has been hailed a success, with participation levels comparable to Germany and the Netherlands.
CZECH REPUBLIC - First-half net earnings at pension fund ABN Amro Penzijni fond totalled Kc120.3m, double the amount seen in the same period last year, writes the CTK Business News Wire.
CZECH REPUBLIC - The Czech Finance Ministry has approved the merger of pension funds Penzijni fond Ceske pojistovny (PFCP) and CP penzijni fond (CPPF), both of which are wholly- owned by insurance company, Ceska pojistovna, according to the Czech News...
CZECH REPUBLIC - Credit Suisse L&P was the largest Czech pension fund in 2002, reported the Czech News Agency.