The first step towards an understanding of the pensions crisis

clock • 10 min read

In the first of a three-part series on the sustainability of pensions in the UK, Con Keating, head of research at Brighton Rock Group, looks at the numbers behind the assumption that DB is no longer affordable

It is usual in the economics literature to motivate pension arrangements for individuals by reference to consumption smoothing and insurance. The problem for the (average) individual may be illustr...

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