FRANCE - A bid by French president Nicolas Sarkozy to raise the official retirement age from 60 to 62 by 2018 has been approved by the lower house of parliament.
While 233 delegates from the opposition left wing voted against the reform, the bill gained the support of 329 legislators in France's National Assembly, as thousands of people protested against the changes outside.
Under new proposals, people will be able to access their full pension regardless of their contribution period between the ages of 65 to 67. The retirement age is expected to be increased again at a later date.
The government believes that changes will plug an annual deficit of around €42bn ($55bn) a year by 2018 and €100bn by 2050.
Trade unions are going to plan a day of strikes against the reform next week following one million people taking to the streets on September 7th over the same action.
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Jupiter Asset Management's Abbie Llewellyn-Waters, manager of the Jupiter Global Sustainable Equity strategy, explains why firms need to integrate ESG into their business model