This could be especially problematic for workers with children or those who face other spending constraints, because they're forced to follow the
pension plans»
mandatory contribution
rates even if they might prefer more upfront cash and less in savings.
The panel has suggested to «lower the
mandatory proportion of G - Secs» in the Life Fund and the
Pension and General Annuity Funds and allow for higher exposure in alternative higher - yielding assets (like equity or property) or high
rated corporate bonds» to help insurers generate a high gross return on investments so that insurance savings products can compare favourably in the financial savings space.