ITALY - The International Monetary Fund (IMF) has urged the Italian government to implement further pension reforms in order to shore up the country's fiscal framework.
It added this could allow for faster debt reduction and/or freeing resources to strengthen Italy's weak social safety net.
Earlier this January, Italian welfare minister Maurizio Sacconi said in a speech before the parliamentary committee on labour and social affairs the government would soon submit a proposal to equalise the retirement age of men and women, firstly targeting the public sector.
The minister added the European Court of Justice urged Italy to adjust the coefficients used for the calculations of retirement age. He said the adjustment would take place from January 2010.
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.