We need to liberalise the pension sector

Liberalisation of the pension sector is vital. First and foremost, to access savers’ money under the current scheme is a hustle. There is no provision for accessing the money even in the case of dire need, not until retirement. Even upon retirement however, withdrawing these savings is a tag of war.

There are also reports that people die before getting their savings and the relatives are not informed of the existence of the money and as a result of this ignorance, the relatives of the dead

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