Friday, January 18, 2013

Bummer: "global warming and its associated challenges could wipe out the entire defined benefits pensions industry within 30 years if we don't rapidly change course"

Climate change and resource scarcity may wipe out pensions industry | Guardian Sustainable Business | Guardian Professional
New report from Anglia Ruskin University shows that actuaries, charged with risk management in the financial sector, have ignored the greatest risk of all time
...
This failure, which could be construed as a dereliction of duty, has been rammed home by a new report, commissioned by more progressive forces within the Institute and Faculty of Actuaries, which shows that global warming and its associated challenges could wipe out the entire defined benefits pensions industry within 30 years if we don't rapidly change course.

No comments: