Aegon UK pension guru Stewart Ritchie is returning to Beijing for the third time this year to advise the Chinese government about how the UK pension system works.
Pensions development director Ritchie is visiting one of the last remaining bastions of Communism this week to attend a pension symposium as the nation melts its cold stance towards Western business.
Aegon is not the first UK player to break into the Chinese market. Fund manager Schroder is to lead the symposium, which will also look at how Hong Kong has established a social security system.
China is expected to join the World Trade Organisation by early next year, which should see its trade barriers come tumbling down. It is also set to pass legislation opening up its investment funds industry to outside companies.
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Jamie Clark – Business Development Manager, Royal London Further to its investigation into the collapse of BHS and the impact on its pension scheme, the Work and Pensions Select Committee sets out its recommendation for defined benefits (DB) schemes going forward. We take a look at the main findings. Not all employers are naughty The report […]
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Lib Dems back cooling off period for pension withdrawals
The Liberal Democrats are calling for the government to introduce a cooling off period for people who take more than the minimum lump sum from their pension pot without taking financial advice. Currently, withdrawals over the 25 per cent minimum are taxed at an emergency tax rate, which can lead to pensioners paying too much […]
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