French pension row rages on in second day of strikes

clock

Trade unions in France began their second 24-hour strike last night in protest against President Sarkozy's plan to raise the retirement age from 60 to 62.

Police estimated over a million people took industrial action on 7 September against the pension reform, and a high turnout is expected today, Reuters reports. Schools and other public services are being disrupted, whilst up to half of flights have been cancelled in the capital and other city airports. Despite the chaos, the French government says it will not move on the issue. "We haven't changed. We are very firm on the core of the reform, which is age," says Labour Minister Eric Woerth. "If you do not reform it, it simply will not be viable and we will not be able to pay French peo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read