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Chapter 1: Overview of the thesis 1 Chapter 2: The current pension crisis and the consideration of the risk and return trade-off for different pension funding systems 7 2.1 Introduction 7 2.2 The existing pension system: 3-Pillar explanation 8 2.3 Trend of shifting from DB to DC across many entities 10 2.3.1 Public pension finances 10.
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Pension crisis? That’s just for the state pension! What about my private pension, that’s different, right? In a recent study of 6,000 pension schemes, a total of at least 600 are expected to become insolvent and 1 in 6 are at risk of being bailed out by the government created Pension Protection Fund. Furthermore more in 2016, Hymans estimated up to a million people are at risk of seeing.
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