Foreign investment limits breach EC rules

clock

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.

The European Commission (EC) said limits which allowed OPFs to invest only a maximum of 5% of plan assets outside of Poland constituted an "unjustified restriction on the free movement of capital" ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Poland

Polish lawmakers debate pension shift

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.

Dorota Bartyzel at Bloomberg News
clock 17 March 2011 •

Polish pension system change faces new delay due to legal hurdle

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.

Bloomberg News
clock 08 March 2011 •

Polish pension changes to take effect in May

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.

Dorota Bartyzel and Monika Rozlal at Bloomberg News
clock 02 March 2011 •
Trustpilot