France may be ready for private pension funds

Article Abstract:

The future of private pension funds in France is in doubt, on the heels of union opposition, labor unrest, and a recent rise in unemployment rates. Benefit inequity between the public and private sectors and a rash of projected retirees provide additional stumbling blocks. French pensions operate under a pay-as-you-go principle, with worker taxes funding the first layer of pensions and industrial firms providing complementary support. France will likely have to depend upon agreements between major industries and labor unions for enactment of private pension funds.

Forecasts and trends, France

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Group pensions relatively stable

Article Abstract:

Stable growth has been the main characteristic of insurance companies in the group pension market. This growth is attributed to the aging US population that needs to save for retirement because of the insecurity of the Social Security system. Additional growth has been fueled by the interest in tax-deferred programs such as salary-reduction savings plans. These products can be utilized for retirement savings, house buying and future educational needs.

Industry Overview, Marketing

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New ground rules for pension plan investing

Article Abstract:

New rules proposed by the Department of Labor will substantially reduce the risk for pension plan underwriters and sponsors. These regulations focus on plans that are directly managed by plan participants. A variety of choices must be made available to members, in order for plan sponsors to be exempt from sanctions. Under these rules, participants will have no legal recourse if a plan fails to meet expectations.

Admin. of social & manpower programs, Laws, regulations and rules, Pensions, Employee benefits, United States. Department of Labor

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