Digest of Our Key Views on Pension Systems

With the population ageing in most countries, having in place an efficient pension system becomes more and more important. Three main objectives can be assigned to the pension system, and the proposals to reform existing ones must be judged according to these three criteria. First, the “no regret objective”. Retired senior people must be broadly happy with the revenues they get. They must not regret in insight not having saved more during their active life. This primary objective is hard […]