19 August 2003 20:38
Minfin to submit standard Pension Fund-management company agreement to
govt.
MOSCOW. Aug 19 (Interfax) - The Russian Finance Ministry plans to submit a standard agreement between the Russian
Pension Fund and Vnesheconombank, which has been made the state management company for the investment of pension
savings, Deputy Finance Minister Bella Zlatkis said at a seminar for management companies on Tuesday.
She noted that the state management company will have a narrower range of assets than non-state companies in which it
can invest pensions. In particular, this range will be restricted to government securities.
The deputy minister stressed that the activity of the state management company will be as tightly regulated as that
of non-state companies. [RU EUROPE ASIA EEU EMRG FUND M BNK GVD] rd <>
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