Perspectives on pensions
The world of pensions is changing and auditors will need to be prepared for the impact of auto-enrolment. Liz Loxton offers a glimpse of what’s on the horizon.
The developed world is teetering on the brink of a pension crisis. Longer life expectancies, lower birth rates, fixed retirement ages, and under-funding in public and private pension programmes have all helped to create a gulf between pension obligations and the resources available to fund them. So pension reforms have become both inevitable and essential.