Pension

“I’m sure that our actions will not be popular in 20 years’ time when retirees realise what we have done.” Göran Persson, leader of the Social Democrats and Prime Minister of Sweden was speaking with his characteristic candour during a visit to Australia in 2005. It was only six years after the launch of the new national Swedish pension system. And the leader of the biggest party behind the reform was already certain that the outcome would be widespread misery for all ...
read more "How Sweden gave up the world’s most generous pension scheme to become a nation of unwilling fund brokers"