New Zealand: Government Subsidy for KiwiSaver Accountholders Eliminated
Effective May 21, kickstart, the government subsidy for each new KiwiSaver account, was eliminated
United Kingdom: Implements Pension Law Changes
The Pension Schemes Act 2015, part of the government’s reform of private pensions, received Royal Assent on March 3.
France: New Rules for Collective Retirement Savings Plans
A new law enacted on July 10 to promote economic growth contains changes to the rules on employer-provided collective retirement savings plans (PERCOs), effective January 2016. PERCOs are voluntary, defined contribution pension savings plans financed by employer and employee contributions.