Report highlights risks associated with spread of private pensions

Europe Europe
A new report from the European Commission examines the growth of private pension provision and what this can mean for workers in both public and private sectors. A key trend identified by the report is the transfer of risk from governments and employers. However, the only recommendation from the Commission on this is greater financial education for workers. The report also refers to the need to ensure that pension provision is not discriminatory but recent changes can lead to lower pensions for women particularly where there are breaks in contributions. The report also warns of the costs of management fees and how these can take a large chunk out of pension benefits over a long period.
Read more at > European Commission (EN)

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