OECD: Chilean retirement system the answer to UK pensions crisis

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The UK should look at the Chilean retirement system's multi-fund structure as it develops the default fund set-up for NEST, Organisation for Economic Co-Operation and Development principal economist Pablo Antolin-Nicolas has said.

    Speaking at a Friends Provident briefing, he said Chile’s multi-fund system provided the best example of a well-developed default fund system. Chile’s pension funds are divided into fi...

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