Money retirees to roll under the asphalt

Investments Finansy21-05-2008 Money retirees to roll under the pavement Now the money, "undecideds" as they call those who choose to leave their pension funds under management Vnesheconombank (VEB) will invest in infrastructure projects. " The corresponding order today announced Russian Prime Minister Vladimir Putin. Help Vnesheconombank may invest pension funds only to those securities that are issued by the State or to ensure his guarantee. True, over time, there were some exceptions to this rule - so the list are allowed to use securities included mortgage-backed securities. In the management of the bank are about 350 billion rubles. saving 40 million "undecideds". By VEB as manager was a lot of claims, which amounted mainly to two arguments: first, VEB not too effectively manage money (private management companies generally achieve higher yields), and secondly, in the opinion of many, so considerable money should be more "work" in the Russian economy.