More employers ‘closing pension plans’

Barbadian workers will have to do more individual saving for retirement as an increasing number of employers are closing their occupational pension plans. The 2023 Financial Stability Report (FSR) has revealed that “since 2019, 39 pension plans . . . have wound-up, primarily originating from within the financial, services, tourism, and sales/distributions sectors”. Eight of […] The post More employers ‘closing pension plans’ appeared first on nationnews.com.

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