All IPE articles in October 2004 (Magazine) – Page 4
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Features
Pension fund directive hits Austria’s second pilla
The starting point for the Austrian second pillar pension system is associated with the year 1990 when Pensionskassen were introduced and the legal framework for the corporate pension market was established. These privately owned institutions were equipped with generous tax reliefs and a ‘modern’ understanding of funding given a mark-to-market ...