G10 report on pension reform released

A report on the implications of ageing and pension system reform for financial markets and economic policies, requested by the Group of 10 was released earlier this week.

The report states that because of demographic trends, current labour force participants will need to "save more, work longer, and/or accept less income in old age". "These trends", the report argues, "and the desire to mitigate the direct fiscal impact of ageing on public pension systems, have led to a rapid growth of private

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