PO's pension appeal
PO said it plans to dramatically raise limits on pension-fund investments in foreign markets if it wins power.
Markets have long said the existing five-percent limit stifles the effectiveness of Poland's funds, which have built up around zł.70 billion in assets since a reform in the late 1990s.
"We support markets' expectations on this issue," said Zbigniew Chlebowski, PO's deputy leader. "For sure after the election we will make a change - whether it will raise the limit to 30 percent or a bit less we will see."
Conservatives have criticized the plan, saying funds' resources should be funneled into the Polish economy rather than abroad. Chlebowski's opposite number at Law and Justice (PiS), Kazimierz Marcinkiewicz, said his party would oppose the raise if, as expected. (Reuters)
Markets have long said the existing five-percent limit stifles the effectiveness of Poland's funds, which have built up around zł.70 billion in assets since a reform in the late 1990s.
"We support markets' expectations on this issue," said Zbigniew Chlebowski, PO's deputy leader. "For sure after the election we will make a change - whether it will raise the limit to 30 percent or a bit less we will see."
Conservatives have criticized the plan, saying funds' resources should be funneled into the Polish economy rather than abroad. Chlebowski's opposite number at Law and Justice (PiS), Kazimierz Marcinkiewicz, said his party would oppose the raise if, as expected. (Reuters)
