AUSTRALIA - British pension communication business, Anthony Hodges Consulting (AHC), has opened its first international office in Sydney, Australia.
AHC said Australia's superannuation landscape was undergoing major changes, with the government implementing measures that offered employees more choice in providing for their retirement.
Tony Hodges, MD, AHC, said: "Australian employers have to give 9% of salary to the employee for pension provision, but the employee doesn't have to put that money into the employer's scheme. This has created a very interesting pensions landscape that is continually changing."
AHC's Australian operation is headed by Martin Long, formerly marketing, education and member services manager with the Association of Superannuation Funds of Australia (ASFA).
AHC sponsors web forums, Pensionweb and Trusteeweb in the UK, and is planning to launch a new forum called Globalweb, aimed at becoming "a Grand Central Station of international knowledge sharing".
Hodges also said the Chinese version of Pensionweb was almost complete.
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