The Hungarian financial supervisory authority PSzÁF has fined the Allianz Hungária Voluntary Private Pension Fund HUF 10 million for improper document keeping, PSzÁF announced on Wednesday. PSzÁF said that it had also initiated the dismissal of the Allianz Hungária Voluntary Private Pension Fund’s CEO and deputy CEO, imposing fines of HUF 1 million on the former, HUF 600,000 on the latter and HUF 100,000 on the fund’s board chairman.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
