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Government and ministries Media

Pension institution law package to take effect in 2007

Ministry of Social Affairs and Health
8.6.2006 11.10
Press release -

The government agreed, 8 June, on a package of legal measures concerning the investment and administrative activities of pension institutions.

The four laws contained in the package are part of reforms made to enable greater competition within the pensions business, in part through opening up possibilities to found new pensions companies.

The laws cover regulations on liability in investment activities, financial stability and reimbursement matters, and changes to the law on occupational pension insurance companies and to the law regulating the work of the Insurance Supervisory Authority. The laws are due to take effect from the beginning of 2007.

Further information: Mr Tarmo Pukkila, Director General, Insurance Department tel. +358 9 160 73864

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