Pensions are 'stock-market gamble.'

June 2009
People Management;6/4/2009, Vol. 15 Issue 12, p8
The article focuses on the statement issued by Doctor Ros Altmann, a former pension adviser to the British government, regarding the need for new pension models to mitigate the risk to the employee. According to Altmann, the whole pension system in Great Britain has been based on a bet that equities would always do well enough over the long term to reliably deliver good pensions. He noted that defined contribution (DC) pension investors must pay for a form of ongoing insurance that hedges against losses.


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