An inopportune toxic confluence of three unrelated forces has badly undermined the finances of employer-sponsored defined benefit pension plans, in which employers bear most of the risks involved in providing decent retirement pensions to their employees.
The first is ageing demographics: ever larger cohorts of post-war Baby Boomers have entered their golden years since the start of the last decade.
The second is regulation. Across all the key pension markets, pension plans have been enjoined to prepare for their End Game: showing how they intend to meet their fast-maturing pension obligations.
You can now read the full whitepaper at the link below