There is clearly a place for consultants, who can often introduce pension funds to new asset classes or particular investment managers, a point Mr. Jones made as well.
The president promised to address the thorny questions of reining in France's generous welfare benefits system and introduce pension reforms, issues that have brought demonstrators on to the streets in the past.
There is good news for some: the report suggests it would not be an appropriate short-term measure to introduce pension contributions for members of the armed forces, who currently pay nothing into their schemes.
Starting from a benchmark economy without social security, we introduce pension systems of various institutional designs and compare the costs arising from liquidity constraints as well as distortions of labor supply and the accumulation of savings versus the benefits from insurance provision against income uncertainty and mortality risk.
HelpAge said more countries needed to introduce pension schemes to ensure economic independence and reduce poverty in old age.
Thailand, which achieved universal health care in 2001, introduced pensions for the informal sector in May 2011.
The nineteenth-century Conservatives under Disraeli were the great champions of state intervention — in health reforms, housing, etc. Winston Churchill in the Liberal government of 1906 was responsible for introducing pensions, unemployment benefits, etc.
For example, the United States and Japan are low spenders both for their standard of living and for their proportion of elderly, and New Zealand is a low spender for a country that introduced pensions as early as the end of the 19th century.
Company towns, such as Pullman, were constructed, the argument being that well-housed, well-educated workers would be more productive than their feckless, slum-dwelling contemporaries.Companies introduced pensions and health-care benefits long before governments told them to do so.
