Swiss government could lose funds to national scheme

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SWITZERLAND - The federal authorities could lose up to CHF833m (roughly e534m / £366m) each year if a plan to re-direct Swiss National Bank profits to the AHV national pension scheme goes ahead.

Finance minister Hans Rudolf Merz (pictured) rejected the proposal, put forward by the Social Democratic party, on the grounds that a concentration on profits would distract the bank from its main ...

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