KW: This article is written about the failure of American superannuation funds and pensions from them but this is an indication of what could be a global western problem. Aging population living longer and longer, crooked investment markets that distort the value of assets, and actuarial calculations based on investment return myths. We have it all here in New Zealand too.

The recent blow-up of the Dallas Police and Fire Pension System was entirely predictable. Whilst it is tempting to blame unusual circumstances for the recent lock-up of redemptions and likely

Source: The Dallas Pension Fiasco Is Just the Beginning | Jonathan Rochford | LinkedIn