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Financial Times: ‘Their house is on fire’: The pension crisis sweeping the world

Pension funds around the world are experiencing some difficulties lately with pensions cuts in countries like the Netherlands. Anna Grebenchtchikova, a Dutch pensions expert and Cambridge Judge alumna (MBA 2016), commented: “The 90 per cent funding ratio means that benefit cuts are likely unless interest rates and/or equity markets rise substantially before the end of the year. Consequently, many opposition parties and organisations for the elderly have called for a relaxation of the rules.”

Read the full article [ft.com]