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Pension Revolution Keith P. Ambachtsheer

Pension Revolution

Keith P. Ambachtsheer

Published January 10th 2010
ISBN : 9781280822094
ebook
336 pages
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 About the Book 

Praise for Pension RevolutionWhen Keith Ambachtsheer puts his keen mind to work on a problem, watch out! Here he exposes todays fragile arrangements for the most serious social dilemma of our times--financing retirement. Then he provides aMorePraise for Pension RevolutionWhen Keith Ambachtsheer puts his keen mind to work on a problem, watch out! Here he exposes todays fragile arrangements for the most serious social dilemma of our times--financing retirement. Then he provides a compelling and powerful set of solutions. His writings are essential reading for all who care about the future of American living standards.--Peter Bernstein, founder and President, Peter L. Bernstein, Inc., and author of Capital Ideas and Against the GodsThis book describes one of the most ingenious inventions in the history of mankind: pension funds offering credible promises about old-age income. It reads like a thriller: how can well-governed pension funds be created in an imperfect world in which mortals wrestle with foibles and moral shortcomings? One of the worlds leading experts on pensions searches for the answer--and finds it.--Lans Bovenberg, Scientific Director, Network for Studies on Pensions, Aging, and Retirement, Tilburg University, The NetherlandsPension Revolution exposes the inadequacies of current pension systems and persuasively makes the case for the fundamental changes that are needed. It is essential reading for both the pension industry and policymakers.--Elizabeth Bryan, Chair, Investment Committee, Unisuper Management PM Ltd, AustraliaMost analyses of complicated issues deal with complexity by simplifying or only looking at one piece-part, and, in doing so, provide limited value. In stark contrast, Keith Ambachtsheer boldly wades into the complexity in Pension Revolution to come up with a valuable integrative solution. He is a most welcome revolutionary!--Roger Martin, Dean, Joseph L. Rotman School of Management, University of Toronto, CanadaWe have known Keith for over ten years, and consistently over that time, he has constructively and comprehensively challenged conventional wisdom. He has done this so effectively that many of his initial thoughts have now become universally accepted norms. Such is his energy however that he continues to push the boundaries of pension and investment thinking.--Peter Moon, Chief Investment Officer, Universities Superannuation Scheme Ltd, UKPension Revolution not only explains the shortcomings of the existing pension system and the underlying design features that have resulted in the current pension upheaval. It also offers thoughtful and creative suggestions for prospective pension design. A must-read for anyone interested in the future of retirement finance.--James Poterba, Professor of Economics, Massachusetts Institute of Technology and a member of the TIAA-CREF Board of Trustees