Pension organizations around the world must respond to unique social and economic trends and behaviors. Despite these differences, pension organizations share a common thread—the need to respond to the global pension crisis.
An aging population, longer life expectancies and changing employee demographics is wreaking havoc on these organizations’ ability to meet pension obligations. This shortfall is complicated by the economic realities of the post-recession global economy. It is clear that the delicate balance between contributions and payment distributions has reached critical mass. Even the underlying philosophies of many pension arrangements are being questioned.