HONG KONG - The Mandatory Provident Fund has failed in its task to encourage additional savings, but pending legislation to encourage members to move their assets into other savings vehicles will do just that, said RCM.
RCM chief executive officer of Asia Pacific Mark Konyn said: "(It) was never the fund's intention to be the only source of funding upon retirement. It was supposed to encourage saving towards retirement...
The government’s proposal of temporary changes to pension tax for public sector workers amid the Covid-19 pandemic is the fairest choice, says Royal London.
Oxfordshire County Council has seen a "significant improvement" to its pension fund governance following action by The Pensions Regulator (TPR).
The recent 'Dear CEO' letter sent by the FCA to pension providers could mean pension freedoms for defined benefit (DB) scheme members are "being eroded", one SIPP provider has warned.
Standard Life Aberdeen has won a tribunal in which it claimed Lloyds Banking Group was not entitled to give notice to terminate investment management arrangements for a £109bn mandate.
Treasury launches fresh inquiry into post-Brexit financial regulation as UK enters 'uncharted waters'
The Treasury Select Committee has launched a new inquiry into the future of the UK's financial services once it has left the European Union.