Is it possible that pension plans be mandatory?
Asset managers, insurers, employers, unions and governments are seeking an agreement to outline an effective pension system to complement the public pension. Read
The debate on private pensions in Spain has resurfaced ahead of general elections on November 29. The issue has been stuck for years with various stakeholders, including pension fund managers, insurers, unions, and companies, holding different views. The private sector, through Inverco and Unespa, is pushing for a complementary pension system, citing the example of the UK's auto-enrollment model, where workers are automatically enrolled in an employment pension plan.
However, unions and employers' associations, such as CCOO and CEOE, have concerns about the implementation and funding of such a system.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
