Baby boomers benefited most but under-45s will pay - Tories

Those born between 1945 and 1965 will place a "huge strain" on public expenditure as they age, David Willetts MP will tell the National Association of Pension Funds (NAPF) Investment Conference in Edinburgh. But it is their children's generation who will suffer the "serious economic consequences" of their parents' retirement. Willetts will join more than 40 experts also speaking at the NAPF conference, including economist Roger Bootle and London Stock Exchange chief executive Xavier Rolet, to discuss how to effectively manage pension fund investments during a difficult financial envir...