03 June 2004 12:47
MINFIN PROPOSES SEVERING DEALS WITH SELECTED PENSION FUND TRUSTEES
MOSCOW. June 3 (Interfax) - The Russian Finance Ministry made a written suggestion to the Federal Financial Markets
Service to sever contracts with a number of management companies to manage pension savings.
Oleg Vyugin, the head of the Federal Financial Markets Service, said at the Corporate Governance and Economic Growth
conference that the ministry wanted the contracts severed because the fund managers had in its view been guilty of
premeditated actions which have resulted in violations when pension savings were invested.
Vyugin said one or two non-state pension management companies were at issue.
[Interfax] |
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