YEREVAN, December 10. / ARKA /. Araratbank, Ardshininvestbank, Armbusinessbank , VTB Bank (Armenia) and HayPost national postal operator have signed agreements with Armenia’s Central Depository to operate pension funds accounts, the Central Bank said today.
It said to select a pension fund and a fund manager future pensioners (those born after January 1m 1974) should visit My Account page at www.epension.am. Beginning from today they can also do so through above-mentioned operators.
According to the Central Bank, accounts operators and their employees are banned from advertising or otherwise directing future pensioners to choose this or that pension fund and a fund management company.
If a future pensioner can not choose a fund, but has chosen a fund managing company, the mandatory system’s information system (AMPIS) will choose for him or her conservative type of fund management of the company already chosen by the future pensioner.
If a future pensioner has difficulty in choosing a pension fund and a fund manager, AMPIS will randomly select for him or her the conservative fund of a managing company.
Earlier the Central Bank awarded licenses to AMUNDI-ACBA ASSET MANAGEMENT and C-QUADRAT AMPEGA ASSET MANAGEMENT companies to run investment funds in Armenia. -0-
