Labour market reforms that enable more efficient movement of workers from one sector to another are necessary because they help economies adjust to changing circumstances. They are also controversial because they reduce job security. Drawing on the work of the Spence Commission (the Growth Commission), policymakers are focusing more on protecting workers than on protecting jobs.
On hindsight, the initial rapid expansion of UITFs amid the exuberance of the time….swept in investors who were not prepared for the higher attendant risks that are the natural corollary of higher returns. Yes, all the essential warnings were there both in regulations and in customer documents that were duly signed.