Pension stakeholders back retirement benefits regulations

Pension industry stakeholders in the country have backed the amendments made to the Retirement Benefits regulations. Speaking during a forum by Enwealth Financial Services, the stakeholders in particular noted the introduction of Income Drawdown Regulations will streamline the management of the funds and secure retirees in the long term. Income Drawdown Funds are funds established to reinvest retirement benefits for retirees to provide regular pension income. The implication of the regulatory changes on Bond Valuations was the other legal change discussed during the meeting.