GREECE - The conservative government has called for the amalgamation of 155 separate pension funds down to 20 in order to improve economies of scale and reduce waste, according to reports in Greek newspaper Kathimerini.
Greece’s retirement system threatens the financial stability of the country, as it consumes an ever-increasing amount of tax revenue in order to service the payments made to its increasingly ageing population.
The full reform proposals are to be announced in early December, but details of what these will likely include have already been made public.
The government committee has proposed an increase in the retirement age to 67, fewer people allowed to take early retirement (with specific exemptions for health reasons and work in arduous or dangerous occupations) and incentives to remain in employment coupled with counter-incentives to opting for early retirement
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The Local Authority Pension Fund Forum (LAPFF) has shown support for Amazon's shareholder resolutions, advising its members vote for 11 of 12 shareholder proposals.
Pensions and risk consultancy Hymans Robertson has appointed two equity partners and five partners from across the firm.