GETTHOSE HEADS OUTOF THE SAND

摘要

Probably the most uncomfortable socio-economic truth that politicians, government and the financial services industry have to date preferred to ignore is that in their present form, public as well as private sector workplace pensions are no longer sustainable. The dearth of value-for-money products from insurers and the ineffective and poorly drafted government regulation of the last 20 years has destroyed our once world-beating system (see Building 20 July, page 29).