Employee reward and benefits news
Will Japanese employees change their approach to pension savings?
Employees paying into a pension in Japan are expected to start switching to more risky investments to increase their returns.
A significant proportion of Japan's savings are locked into safer, low-interest accounts - a trend which asset management firm Amundi is keen to change, reports the Financial Times.
The company intends to take its �26 billion under management in Japan to �33.6 billion over the next three years.
Speaking to the newspaper, Amundi Japan president Christian Romeyer explained that there is a lack of experience in selling particular kinds of products in the country.
"Sales forces [at distributors] are still under-experienced in terms of product knowledge and selling techniques," he added.
Japan was recently urged by the Organisation for Economic Cooperation and Development to improve its unemployment rate, which has still not recovered to pre-financial crisis levels.
The country's labour market recovery is also lagging behind gross domestic product, according to analysis by the organisation.
Posted by Peter Chad
