ING/Principal, the joint venture between Dutch insurance and banking group, ING and US-based Principal Financial Group have introduced a range of services related to defined contribution pensions into the Japanese market.
The venture will focus on small and medium-sized companies and will deploy pension representatives in branches throughout Japan. These representatives will provide consulting services to corporate customers, as well as introduce defined contribution pension products.
ING/Principal will also provide support services for defined contribution pension fund operation and management.
By Janet Du Chenne
The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings.
Opt-out rates at the end of June 2018 "remained consistent" with levels before the April contribution rate increase, according the Department for Work and Pensions (DWP).
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year.
The Financial Reporting Council (FRC) should be abolished and audit and advisory businesses should be split into separate entities to improve the sector for both savers and investors, two reports published today say.