DC deregulation welcomed

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JAPAN - A move by the Japanese government to allow employees to match employer contributions in defined contribution (DC) plans will accelerate the growth of the retirement savings vehicles, according to Towers Perrin.

Last week, the government announced a list of planned tax deregulation for 2009, including deregulation of DC plans. Haruka Urata, head of DC Consulting at Towers Perrin in Tokyo, said employees...

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