ALFI conference: UCITS a solution to the pension crisis
Tue Oct 5, 2010
There are various opportunities for the fund management industry to exploit the shift to individuals taking responsibility for their own retirement, according to Yoon Ng from Cerulli Associates.
Ng was speaking as part of panel
discussing the funding of retirement in Europe at the
Association of the Luxembourg Fund Industry conference last
Ng, along with her fellow
panelists, said that one of the key issues facing the European
pension landscape is the growing ageing population.
She said: "Reform is multi-faceted because of the divergent
starting points of different European countries, but has
broadly taken the following forms: government cutting back on
pay-as-you-go state pensions; employers converting pension
schemes from defined contribution to...
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