News » March, 2011 » 3 March 2011
Romanian Labor Min Says Pvt Pension Funds Should Take Higher Investment Risks
03.03.2011, 14:24 | Finance-Banks | 952 views
Romanian private pension funds should take more risks, Labor Minsiter Ioan Botis said Thursday at the Mediafax Talks about Private Pensions conference, adding different risk levels would ensure a more efficient asset management. "I wish we had this type of asset management. It would be more efficient and the benefits can be considerable. This is a great challenge for funds on Pillar II (mandatory private pensions). Currently, up to 70% of these funds invest in state papers, where risks are low," Botis said. Read more on Mediafax.ro
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