Can pension policy reform bridge the intergenerational divide?

Due to the ongoing shift from defined benefit (DB) to defined contribution (DC) pensions, some people argue that changes to pensions policy are necessary because younger generations may not enjoy a similar retirement to their predecessors. According to the Intergenerational Commission's report - A New Generational Contract: The final report of the Intergenerational Commission published on 8 May, the crucial difference between current and future retirees is the "sheer scale of risk" that future pensioners are being asked to shoulder. It states that for this reason, pension policies nee...