MALTA - The hotly-debated pensions reform has been allowed to fall from public view and the growing silence is breeding uncertainty among the people, said Green Party chairman Harry Vassallo.
In an article, Vassallo commented on how several months ago the Nationalist government had made “loud statements” claiming the reform was high on its agenda.
But at present little action has been taken on the matter. Vassallo went on to slam both the government and the Labour opposition.
He said: “Although the opposition shrugs off government concerns about the unsustainability of the pensions system and insists it should be tackled following the election, it has made no reform proposal of its own.”
According to the Green Party chairman, this has allowed the government to announced a vague reform proposal and go on to say nothing further.
Among other things, the government proposal should see the creation of second pillar pensions, after the state pension system is mended.
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point