Pensions provision is biggest test

Pensions provision is the greatest problem the Government will face in the next 50 years. If current trends continue, the elderly will not be able to provide for their retirement and the Government will face a social and financial crisis, with an ageing, economically inactive population. To put it simply, people are living longer than ever before, exceeding actuarial expectations, and the dependency ratio is beginning to grow. Simultaneously, they are not making sufficient provision for their retirement, leading to a growing savings gap. To complete this calamity, massive equity falls ha...