Japan looks to lift ban on advice for defined-contribution pensions

Government hopes to nudge risk-shy investors toward inflation-beating products The number of individual defined contribution pension accounts in Japan swelled 15-fold over a decade to 4 million at the end of March. (Photo by Yuji Murakami) TOKYO — Japan plans to start allowing financial institutions to recommend investment products to participants in individual defined-contribution (iDeCo) pension plans, in an effort to spur a shift away from assets that, while safe, offer returns too low to outpace inflation.

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