ASIA/PACIFIC - It is only relatively recently that social security reform has emerged as an important public policy concern in many countries in Asia and the Pacific, according to Professor Mukul Asher of the National University of Singapore in a new paper.
Political consensus to pension reforms is vital to tackle the difficult issue of civil service pension reform, says Asher, as civil service pensions in many countries in the region were introduced when government service meant relatively low wages, but they are now costly for governments to finance.
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.