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Tag: Retirement savings

WHAT HAPPENS TO YOUR RETIREMENT SAVINGS IF YOUR COMPANY SHUTS ITS DOORS?

WHAT HAPPENS TO YOUR RETIREMENT SAVINGS IF YOUR COMPANY SHUTS ITS DOORS?

What are employees' rights and responsibilities when it comes to retirement savings if a company faces closure during the COVID-19 pandemic? In the last week the Financial Financial Sector Conduct Authority (FSCA) warned that many distressed employers will default on their employees' contributions to retirement funds, as a direct consequence of the COVID-19 pandemic's negative impact on…

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