Pension funds submitted a proposal to the Government regarding the second pillar pension money, Gitanas Nausėda responded: "This is not a market"

elfinancierocr.com

Factuality

Ownership

The Compulsory Supplementary Pension Scheme (ROP) is just over a month away from going through the biggest change since its creation: the beginning of generational funds.The regulations are approved, the operators say they are ready, however, there is a mist that still does not dissipate about the future of the funds: the lack of a pension superintendent.We tell you why, even at the gates of its entry into force, some uncertainty remains on the …

https://www.tv3.lt

Factuality

Ownership

Pension funds are grabbing the last straw – as the Government is considering allowing people to withdraw money from the second pillar, fund managers are trying to bribe the Government and talk it out of this step. In exchange, they are offering a kind of deal – they will invest people's money not where it is most economically beneficial, but in Lithuanian companies and defense infrastructure. The government explains that even now fund managers c…