Government is undertaking reforms in the retirement benefits sector aimed at protecting workers' savings and ensuring that these savings are invested well, to give a good return to savers, while minimizing potential risk.
The reforms also want those who save to get their benefits in the form of pension, lump sum payments or other forms of benefits. The same reforms are aimed at improving the administration of the sector, and to provide a policy and legal framework to grow retirement savings in the economy.
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