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...The agency added it was “working closely with the government to ensure that transparency on pensions helps to provide good outcomes for consumers in the long term”....
...Unifying a person’s multiple schemes in a sensible reform of UK pensions offers the best chance of tackling the retirement under-saving crisis. The author is a partner at pension consultants LCP....
...is eligible for pension contributions....
...The government declined to comment on Young’s remarks, which were made before the Treasury announced a set of pension reforms at the weekend....
...The lower house of Chile’s congress has provisionally approved a reform of its private pension system proposed by leftist President Gabriel Boric, in a rare breakthrough for the country’s polarised politics...
...The committee also urged the government to review whether protections for pension members were strong enough before proceeding with reforms to make surplus extraction easier for sponsoring employers....
...Lindner said the reform was “long overdue”. “We should have started to exploit the opportunities of the capital markets for the statutory pension system a long time ago,” he said....
...The pension reforms are part of Hunt’s efforts to stimulate the economy and will include a requirement for so-called defined contribution pension funds to disclose from 2027 how much they invest in the UK...
...for Work and Pension’s maladministration....
...Consequently, it served as a blueprint to reform the pension systems of many Latin American, Asian, and eastern European countries....
...As part of the reforms, the government gave further details about its plan announced in November to create a public pension consolidator by 2026, which could help channel billions of pounds of pooled pension...
...Reforms would shore up their ongoing political viability....
...BlackRock’s Fink called this week for further reforms, however, writing: “America needs an organised, high-level effort to ensure that future generations can live out their final years with dignity.”...
...The writer is a contributing editor Chancellor Jeremy Hunt’s latest efforts, like his Mansion House reforms, point squarely at getting people and firms in the UK to save smarter for retirement....
...A quarter of employers who hire staff on zero-hours and other flexible contracts do so in order to cut their wage bill, according to a study that will fuel calls for reforms to boost workers’ rights....
...Pension reform has been high on the political agenda in Chile for more than a decade....
...It has also led to calls for reform of the rules on administrators’ fees....
...Pension freedom reforms launched in 2015 have given individuals far more choice....
...Pension funds have been seeking to align with the UK’s ambition to fuel economic growth through pension fund finance dubbed the “Mansion House” reforms announced in July....
...The PLSA said this included a greater role for the British Business Bank in providing investment opportunities specifically for pension funds....
...An obvious one is to increase the minimum recommended rates of pension savings above the current level of 8 per cent of earnings....
...At the chancellor’s annual Mansion House speech in July Jeremy Hunt set out wide-ranging reforms to Britain’s trillion pound pension sector that he said would “boost pensions (for savers) and increase investment...
...The FCA called for the standard and premium segments of the market to be replaced with a single listing category, making it more attractive for early-stage companies to list....
...Chancellor Jeremy Hunt is set to unveil sweeping reforms to the pension market to give British workers a “pot for life” as he pushes forward with an agenda to unlock retirement capital for economic growth...
...Thousands of savers who overpaid tax on pension withdrawals were repaid £38mn in the final quarter of last year, according to new data which prompted calls for reform of “unacceptable” tax rules....
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