A new report from the Committee on Workers' Capital reveals the obscure way in which many fund managers charge costs to pension funds. It makes suggestions and provides guidance on how these costs can be made public and how this contributes to better pension fund performance and ultimately to higher pay-outs.
Report sets out arguments for pension cost transparency
More like this
Approval for pensions agreement
Members of the FNV trade union voted 73% in favour of a new pensions agreement that slows down the increase in retirement age and allows for faster indexation of pensions. The retirement age will be set at 66 and four months and will rise more slowly. The agreement also takes account of the need for early retirement for arduous work and provides opportunities for the self-employed to access the scheme.
Unions protest over pension changes
Unions from all sectors joined a national demonstration in Zagreb on 20 October in protest against changes to the pensions system, including an increase in pension age to 67. Unions are calling for a pension age of 65 and to retain rules on early retirement including the possibility of retiring at 60 with 41 years of contributions. EPSU sent a message of solidarity.