JAPAN - Japan should not tap funds said aside for pension payments to fund disaster relief efforts, economics minister Kaoru Yosano has said.
"It is undesirable to use pension funds as a source of money for disaster relief, as it would destroy the basic principle of a pension fund," Yosano told reporters after a cabinet meeting on Tuesday.
He also urged the formation of a grand coalition with the opposition to speed up the political decision-making process as Japan responds to the earthquake and tsunami which devastated the northeast of the country and the subsequent nuclear safety crisis.
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?