Global Pension Challenges Pensions, Saving and Retirement in the Twenty-First Century Contemporary Issues in Finance Series

National pension systems face a range of tough social and economic demands and pressures. These are complex to navigate, especially in a twenty-first century world that has ushered in global uncertainty and pressing challenges ? even threatening the planet?s very sustainability ? with implications for pensions that policymakers, financial services providers and individuals themselves must address.

This book probes, and unpacks, what pension systems aim to achieve, the uncertainties they face and how they are attempting to resolve them. Analysing pension provision from the systemic, political-economy and individual perspectives, it sets out and contextualises commonalities and differences in pension systems across the globe, looking at current developments in both public and private pension provision, structures and regulation. Moreover, the reader is encouraged to question how national pension systems can best serve their populations and ensure the ?sustainability? of later-life incomes in the light of today?s global pension challenges.

Global Pension Challenges: Pensions, Saving and Retirement in the Twenty?First Century is an essential read for business, finance and social-policy academics and students, those working in the pensions industry and in the areas of welfare reform and advocacy, as well as the general public wishing to know more about the retirement issues we will all face in the coming years.

1. Introduction 2. The retirement challenge 3. The state and pensions 4. Risk and private pension provision 5. Individuals and the retirement challenge 6. Empowering savers: saving for retirement and government policies 7. Conclusion

Patrick Ring is a Reader in Financial Services at Glasgow Caledonian University, Scotland.

Jonquil Lowe is a Senior Lecturer in Economics and Personal Finance at The Open University, UK.

Lien Luu is an Associate Professor in Finance at Coventry University, UK.