The pensions crisis - a DIY solution?

CONTRARIAN INVESTOR

This week, true to my contrarian moniker I would like to suggest there is a good chance we all have it horribly wrong when it comes to long-term investment and pensions planning.

My first challenge is easily understood by most professional advisers, namely that defined contribution plans and the notion that investors take charge of their long-term financial planning just will not work for all but the most adventurous citizens The second challenge is more nebulous and centres on the idea of pushing up the retirement age to deal with the pensions crisis. Simply put, why bother increasing the retirement age if people in their sixties and seventies cannot and/or will not work? The first challenge came to me at an event a few weeks back. The audience featured a col...