POLAND - Superannuation fund-owned infrastructure manager Industry Funds Management (IFM) will increase its market share in the Polish district heating sector to 25% after one of its subsidiaries completes a purchase of Warsaw-owned assets.
POLAND - Polish lawmakers have begun debating pension changes proposed by the government that are opposed by almost half of the country's voters before elections expected within seven months.
POLAND - Poland's plan to cut transfers to private pension funds, already delayed by a month, may not be in place until the second half of 2011, posing a threat to the fiscal-deficit goal, Citigroup'S Polish unit said.
POLAND - Poland's government maintains its position that contributions to private pension funds should be reduced to help curb the deficit, according to Michal Boni, an adviser to Prime Minister Donald Tusk.
POLAND - The Polish government plans to introduce changes to the pension system aimed at reducing the budget shortfall in April, said Michal Boni, senior adviser to Prime Minister Donald Tusk.
POLAND - Polish bonds fell for a fifth day, pushing yields on 10-year debt to a one and a half year high, on government plans to cut the portion of workers' contributions to private pensions and on bets the central bank will raise interest rates next...
POLAND - Poland's benchmark index headed for the biggest two-day drop since May on concern that a government proposal to change the pension system will hurt fund inflows into central Europe's largest equity market.
POLAND - Poland is unlikely to suspend mandatory payments to private pension funds and will look for ways to finance the budget deficit that won't "dismantle" the pension system, Prime Minister Donald Tusk said.
POLAND - Poland isn't ready to consider suspending payments to private pension funds while it is trying to persuade the European Union to change accounting rules governing such transfers, Finance Minister Jacek Rostowski said.
POLAND - Poland wants the European Union to allow countries that have overhauled their pension systems to breach the bloc's debt and deficit limits without incurring penalties, said Deputy Foreign Minister Mikolaj Dowgielewicz.
POLAND - Poland may let pension funds invest as much as 95% of their assets in stocks to boost returns as the government seeks to reduce the portion of mandatory retirement savings overseen by private managers.
Jaroslaw Adamowski reports on the controversial proposals facing Poland's pension industry
EUROPE/CENTRAL ASIA - Pension funds in Europe and Central Asia should provide pension increases in line with cost of living indexes instead of wages to make the systems more sustainable, the World Bank said.
POLAND - Polish pension fund (OFE) assets under management rose by 5.7% during the month of April, the highest increase in the past year, according to data by research company Analizy Online.
POLAND - Investment restrictions on Polish Open Pension Funds (OPFs) in other European member states have been found to be in breach of a key European investment law.
POLAND - The European Commission (EC) has threatened to take Poland to the European Court of Justice, unless it agrees to remove investment restrictions imposed on the country's pension funds.
POLAND - Two joint ventures between the UK's Aviva and Polish bank Bank Zachodni WBK S.A have been approved by the European Commission, following an investigation into whether their combined asset and pension fund management activities would impact on...
POLAND - The new form of pensions indexation in Poland will aid the country's economic growth in 2007 while most European states can expect a slow down, according to a Standard and Poor's report.
POLAND - Polish BRE Bank will seek to sell its pension unit PTE Skarbiec to another buyer after the Insurance and Pension Funds Supervisory Commission (KNUiFE) rejected the sale to PTE PZU, one of the biggest pension funds in the market.
POLAND - The repeal of a temporary EU dispensation which treats contributions to Poland's open pension funds (OFE) as government revenue could worsen the published deficit figure.
POLAND - The Polish government has made a dramatic alteration to its proposals to consolidate the country's financial market regulators.
POLAND - Polish pension funds are calling on the government to relax legislation which prevents them from investing more than 5% outside the domestic market.
POLAND - Morley Fund Management, the UK-based investment arm of Aviva, will launch the first hedge fund managed and invested in Poland in February with the aim of raising e120m.
POLAND - The Warsaw Stock Exchange (WSE) has listed its first foreign security to the relief of pension funds in dire need of liquidity.