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Tharman calls for reforms to provide retirement security

Economic, financial reforms are needed, with interest rates likely to stay low as societies get older, he says

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Published Mon, Jun 13, 2016 · 09:50 PM

    Singapore

    LOW interest rates are here to stay, and will pose challenges to retirement security globally, Deputy Prime Minister Tharman Shanmugaratnam warned on Monday.

    And as investment strategies and monetary policy responses reach their limits, fundamental reforms are needed to help populations plan for retirement, he said.

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    Singapore’s housing supply has steadily increased over the years and there have been encouraging results, said PM Wong.

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    PM Wong said the latest move will make it a “significant” increase in the number of childcare leave days.

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    Another important message PM Wong will deliver is how the government will continue planning and building for the future.

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