March madness has overtaken Poland as the country has embarked on the first stage of the privatization of its pension system.

Asset management companies have unleashed a barrage of advertising and their representatives are going door to door, trying to persuade Poles to entrust them with their retirement savings. Even the Polish Conference of Bishops has entered the fray, having formed an alliance with Invesco Retirement & Benefit Services of Atlanta, Ga. to sell pension funds.

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