BRATISLAVA, June 11, (WEBNOVINY)- Some pension assets management companies would prefer if the current state of pension funds is preserved. Labor Minister Jozef Mihal (SaS) presented this opinion in the regular ‘Saturday Dialogues’ program on Slovak Radio. He opines that current guarantees in the form introduced by the government of Robert Fico two years ago are guarantees for management companies, which have their profit secured but they do not guarantee for their clients real appreciation of their assets. Currently, three funds exist which are identical according to Mihal and are not profitable. Mihal proposes to introduce four different funds while savers would be able to choose the alternative which would suit their needs.
The opposition SMER-SD is to come up with its own proposal for changes to the second pillar. While the government proposes that only one of the four funds is to be guaranteed, SMER will demand to preserve guarantees in all current funds. SMER-SD Peter Kazimir used the outcomes of a survey conducted by the agency Focus last autumn in his argumentation according to which 8 percent of savers have low inclination to risk and prefer certainty over the risk of a higher yield.
SITA