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New pension raid justified by poor performance - Cayman Islands Headline News - Vimarsana News

New pension raid justified by poor performance - Cayman Islands Headline News

(CNS): A proposal to allow people to use their pensions to pay down mortgages or for a deposit to buy their first property is justified because of the poor performance of private pension funds that non-government workers are forced to pay into each month, Chris Saunders MP said in parliament last Friday. Despite some reservations,…