#21 The Economist
Behind the Balance Sheet
The Implications of Longevity for Pension Funds
I'm not pessimistic that our pension funds are facing ruin or anything of that nature. I don't think people should fear that at all. But there are a lot of areas where people have assumed that returns will be the same. And we won't be able, I think, to run a pension scheme designed for the 1960s or 1980s in the 2020s. That's my prediction.
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