Cronos to help the second pillar
PENSION FUNDS HAVE TOO MUCH INDIRECT COSTS
Advocacy for transparency: Cronos Finance denounces the boom of indirect investments.
The creators of the young company Cronos Finance intend to manage all or part of the wealth of pension funds under a discretionary mandate. They denounce a current conflict of interest in advising provident institutions: the salaried experts of banking institutions seem more anxious to place the investment funds and structured products home in the portfolios of the customers than to aim the best performance for these latter.