Estonia, Financial Services, Funds, Investments, Legislation, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 05:02
Chamber calls to raise share of mandatory Estonian investments for pension funds
Print version |
|---|
Toomas Luman, chairman of the Chamber of Commerce and Industry, says in a letter to Finance Minister Sven Sester that pension funds should be obliged to gradually increase their investments in Estonia from the present 5.4% to 15% by the end of 2017, to 25% by the end of 2018, to 35% by the end of 2019 and to 45% by the end of 2020.
The Chamber of Commerce and Industry finds that achieving these goals is not at all unrealistic considering the present low level of domestic investment and that gradually raising the ratio of Estonian investments would not cause problems in the investment environment, such as its partial overheating.
The Ministry of Finance has again forwarded to other ministries an intention to draft amendments to the Pension Funds Act that would make available wider opportunities in concluding a pension agreement but would not require funds to keep a part of their assets invested in Estonia.
«The Baltic Course» Is Sold and Stays in Business!
