Young members of mature funds risk losing benefits

theo-kocken

Unless steps are taken now to redesign the payout policies of underfunded pension schemes, young members of mature funds run the risk of receiving no benefits when they retire, according to research by Rotterdam-based consultancy Cardano. Pension funds in Organisation for Economic Development and Co-operation countries have seen $4 trillion wiped off the value of their investments since 2008, according to the OECD, but Cardano chief executive Theo Kocken says the impact of these falls will be