Whose risk is it anyway?

Pensions Reform: In the Spotlight

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As part of its review of the UK private pension system, the UK Pensions Commission has done an excellent job in making clear the nature of the pensions problem, gathering together useful data, and setting out the principle lines of argument that will provide the foundation for its final report. It has tried to be rigorous and open, and has challenged others to respond.

Earlier this year, the Commission's chairman, Adair Turner, set out his views on how risks should be shared within a pension

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