Provident funds, or government-administered retirement funds, were introduced as a form of “social protection” to alleviate poverty at the time of retirement. Most social programs at the time did not provide enough to cover...more
Our multi-national clients often ask us about the differences between US 401(k) plans and UK Defined Contribution schemes. In the US, Defined Contribution plans are governed by Section 125 of the Internal Revenue Code. While...more