E Philip Davis
- Features
Positive funding trends discernible
There are encouraging signs on the growth of funded pensions in Europe, says E Philip Davis who cites reforms, shift to equities and development of capital markets
- Features
Funding's advantages over pay-as-you-go
Systems of retirement-income provision are facing a crisis in many OECD countries as a consequence of the ageing of the population combined with generous social security promises. The vast increases in contributions required in the future to make such systems sustainable demonstrate the scale of imbalances. This has led to ...
