Monday, November 16, 2015

On pensions

How diruptive technolgy destroys pensions (search the title if the link does not work):
"Beyond those macro trends, the fabric of how we work and how employers and employees relate to each other is changing. A trickle of employers abandoning traditional defined benefit (DB) pension schemes, in which they promise an income to employees in retirement and shoulder the risks that the market might fall, has turned into a flood. Now employees must make their own investment decisions and bear the risks, via defined contribution (DC) pensions, without help from their employers."

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