Half of Czechs do not trust private pension funds

Almost half of Czechs do not plan to use private pension funds, which are to be established within the government’s pension reform, according to a poll conducted by the Millward Brown agency and released in today's daily Lidove noviny. Forty-nine percent of respondents said they preferred to rely on state pension funds. Over 22 percent plan less risky investments with a lower profit and 17.7 percent prefer more profitable, but also more risky alternatives, the daily writes.