Why we need a pension revolution

• Autores: Keith Ambachtsheer
• Localización: Financial analysts journal, ISSN-e 0015-198X, Vol. 71, Nº. 1, 2015, págs. 49-53
• Idioma: inglés
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• Resumen

  • A broad consensus exists that workplace pension arrangements around the world are sick and in need of strong medicine. Rather than resurrect the traditional defined-benefit (DB) plan or broaden defined-contribution (DC) plan coverage, this article argues that we move from an �either/or� to an �and/and� mindset to improve global workplace pension coverage, adequacy, and certainty. Pension arrangements can combine the best of DB and DC plans and minimize the impact of their less-attractive features. However, we must also redesign the institutions through which workplace pensions are delivered. The ideal pension-delivery institution is expert, has scale, and acts solely in the best interests of plan participants.