"In these complicated times, the government is trying to carry out the Economic Recovery Programme, with an important part of it referring to the funds industry, namely to the pension funds, and I am sure that in the future we will have good news in that sector," said Skegro, addressing the two-day event as Prime Minister Jadranka Kosor's envoy.
The Croatian Financial Services Supervisory Agency (HANFA) board chairman Ante Samodol, said Croatia would have to change the legislation on investment funds, as the country had specific regulations in comparison to the European Union.
Samodol called for changing "the current attitude towards risks, that is, towards the yield guarantees".
The key issue is guarantees because in Croatia pension investment funds practically have no capital efficiency indicators, he said.
Samodol opposed imposing taxes on saving deposits in funds, explaining that such a move would additionally worsen "the poor structure of the financial sector", leading to a "predominantly bank-centric structure".
Presenting the project called "Analysis of the Pension System", Banka magazine editor Zeljko Ivankovic said Croatia might soon have a higher number of pensioners than employees.
He said that the project was designed to socially and economically rehabilitate the pension scheme in Croatia.
Next year a public debate will be conducted on overhauling the pension system in Croatia, and the discussion will engage pension funds, trade unions, employers and the Chamber of Commerce, he said adding that the project would be presented also to the Croatian government and political parties.