Pension Fund Reforms for Asia
Developing countries in general and Asia in particular are aging rapidly. As a natural consequence there will have to be significant increases in public social spending.
With modern economic development, traditional or village family support systems are being increasingly replaced by government pension schemes for old age support. Pensions are unique financial instruments that aim to deliver affordable, reliable benefits far into the future. Their key feature is that they are long term intergenerational contracts for old age consumption.