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.
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.