Defining Moments: the future for pension funds and the pension fund industry

The goal of the research was to drill deeply into the evolving forces in the industry and present a plausible picture of its future landscape, through both near-term and longer-term trends.

Our time horizon looked out towards 2020. We, however, acknowledge the considerable difficulties with longer-range forecasting given the increasing pace of change.

There is one word that captures the flavour of the next few years in the financial industry – complexity.


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