Czechs and balances
With the Czech Republic installed in the EU presidency and central Europe reeling from the financial crisis, Daniel Tosner and Josef Cizek from the Ministry of Finance, and Pavel Vacek and Zuzana Silberova of the Czech National Bank discuss domestic industrial performance and the outlook for Solvency II. Laurie Carver reports
Life & Pensions: What role does the government and central bank look for the life insurance and pensions industries to play in the country, and how does policy reflect this?
Daniel Tosner: The Czech government and the ministry are interested in the development of both sectors. Czech law contains tax measures intended as an incentive for people to prepare for retirement. For pension funds this is accompanied by a direct state contribution. My job is to co-ordinate all the legislative bills for
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