Latest Breaking News On - கனடா வாழ்க்கை ஒன்றுபட்டது கிஂக்டம் - Page 1 : comparemela.com
Firms should hike their pension contribution rate to help low earners save enough to have a decent standard of life when they retire, a leading think-tank has suggested.
The Resolution Foundation has called for a living pension as it found that even a lifetime of minimum pension contributions under the auto-enrolment scheme will not be enough for an adequate retirement.
Moulded on the Living Wage campaign - which encourages companies to pay their staff wages which are based on living costs - a living pension would see firms help employees saving enough for retirement.
This would include firms setting clear minimum targets needed for a comfortable retirement as well as hiking their contributions.
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15
th December 2020 4:03 pm
Canada Life has announced David Harney will serve as interim chief executive of the UK division to stand in for Doug Brown.
Brown will leave Canada Life on 18 December and is expected to join Aviva as chief executive of UK life insurance in April.
He spent eight years at Canada Life and will report to Aviva Group chief executive Amanda Blanc in his new role.
Harney is currently president and chief operating officer in Europe for Great-West Lifeco.
He is also a non-executive director at Canada Life Limited.
A Canada Life UK spokesman says: “The process to appoint a permanent candidate has started and we will update on progress in due course. We remain focused on the transformation of our UK operation and our growth strategy, helping build better futures for all generations through our expertise in insurance, wealth and asset management.
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