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.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers