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Shock in Schwyzerland: Pk Tellco Under Official Control
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Central Swiss Supervisory Authority immediately appoints administrator for pension company for SMEs with 2 billion pension capital. Board of trustees suspended. The president and the five members of the board of trustees of Tellco pk, based in Schwyz, have "suspended" since last week. According to a notification from Tellco, which has just been posted on their homepage, "continuous differences of opinion in the board of trustees [...]
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