LITHUANIA - Lithuania's stock market, capitalised at US$2.5bn, soared 67% with single digit price-earnings ratios after a referendum in favour of eventual EU adherence, and a spate of acquisitions by Russian firms, wrote Gary Kleiman, senior partner at Kleiman International Consultants in the Financial Times. The country has cut public debt-to-GDP ratio to 25% and launched pension reform, allowing private pension funds to shift between government and corporate bonds and equities at home and abroad.
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.