Here's a key contributor to the looming pensions catastrophe in the coming decades, when people won't have enough to live on after they stop working.
Look at the growing and unfair divide between Defined Benefit and Defined Contribution pensions. Workers in the private sector are increasingly dependent on the uncertain outcome of Defined Contribution pensions, while sharing with all taxpayers the future cost of unfunded Defined Benefit liabilities in the public sector – estimated at around £1.5 trillion.
In the fifth of our series, DB v DC, which you can watch, listen or read, Aries Director Ian Neale suggests we need to be frank and open about resolving our differences, so we can plan ahead with more confidence.
For the full list of blogs, check The Pensions Whirlpool – a 6-part Survival Guide
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