How is the financial industry dealing with the pensions timebomb?
Author: Alex Clifford
Format: Kindle Edition
Publisher: Alex Clifford
Release Date: October 01, 2011
“An excellent summary of the issues involved”
David Collinson - Head of Business Development and Liability Acquisition, Pension Corporation
“A great read! ... Fantastic content ... coupled with a solid understanding of the private pension sector”
Andy Caddick - Head of European Operations, IFA International
Following the American Civil War, a pension scheme was established for its veterans. Poor planning and a rise in life expectancy however, meant the pensions were paid out for nearly 140 years and cost more than the war itself.
Now, as the population is living longer than ever before - what are the consequences to companies and the financial industry?
In the UK’s private sector, firms are liable for £1 trillion from defined-benefit pensions and according to some, these pension liabilities are a material threat for a number of FTSE 100 companies. Not only could this topple some of Britain’s blue-chip firms, but also jeopardise the retirement plans of millions.
This book explores the industry which de-risks and makes these pension schemes safe. It looks into how these firms are defusing the pension timebomb by hedging pension risks, and how this industry is destined to grow over the coming years.