UK pension shortfall to hit £26trn by 2050

James Phillips
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UK pension shortfall to hit £26trn by 2050

A $224trn (£174.2trn) combined deficit could hit the six largest pension systems if action is not taken now to address longevity risk, the World Economic Forum (WEF) has warned.

The UK, US, Japan, Netherlands, Canada and Australia also need to improve access to their pension systems to prevent the looming crisis, the think tank added. If China and India were included in the calculation,...

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