GREECE - Journalists have planned strike action next week because of Conservative plans to reform the country's pension system.
In a statement, the International Federation of Journalists said the new plans by the Government to reduce the number of pension funds from 155 to less than 20 would weaken the social-insurance system in the country.
The statement said: “The government is playing roulette with the lives of its citizens; journalists like all other workers, have every right to complain and to defend an insurance fund, which works very well.”
The journalist unions intend to strike on 27 November and 12 December.
According to reports in local newspaper, Kathimerini the government pledged yesterday that retirement age would not change and the health of assets in funds would remain unchanged.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.