Act now for pensions reform - IMF
BELGIUM - Europe needs to "summon the will" to reform pensions as demographics in many countries could make reforms more difficult in the future, said Raghuran Rajan, economic counsellor and director of the International Monetary Fund's research department.
Giving the Ludwig Erhard lecture in Brussels yesterday, Rajan told delegates that time was running out. “Many of the reforms require older workers to give up some protections and pension rights. But as...
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Belgian funds fall
BELGIUM - Pension funds lost an average of 15.5% over the year up to September, and shifted allocations from equities to bonds, research by Mercer reveals.