Wednesday, February 29 2012 17:47
By end of first half-year "Cascade Investments" to apply for getting license of pension fund
ArmInfo. By the end of the first half of 2012 the investment company "Cascade Investments" is going to apply for getting the license of the pension fund, the newly appointed director of company, Lusine Egiazaryan, told Arminfo correspondent. She said that the schematic programme for the pension assets management is practically ready and should be only tested.
Egiazaryan recalled that within the frames of the voluntary pension system the employers using voluntary pension schemes, have serious tax privileges. They have an opportunity to involve 150% of the sum, transferred by them for pension, in the expenses of the company. The head of the company is sure that this tax stimulus will make it possible to extend the market much.
Egiazaryan thinks that the pension reform will lead to development of the capital market and inflow of money into economy, the correct using of which may result in the economic development. "The conception of the reform has been built in such a way that citizens of different age groups may use it, including those which are above 40", she said and added that the new pension reform also supposes active participation of the state in formation of pensions. This makes the reform more attractive for ordinary citizens, she said.
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