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The Global Pensions Time Bomb

What happens if you don't have enough money to see you through your retirement? It is a problem that many of us will face, as the world fails to save enough for its old age

What happens if you don't have enough money to see you through your retirement? It is a problem that many of us will face, as the world fails to save enough for its old age. So what more needs to be done?

We hear from Professor Alicia Munnell of Boston College's Centre for Retirement Research, who served in the Bill Clinton administration as Assistant Secretary of the Treasury for Economic Policy. She is also author of a new book, the title of which really sums up the problem: Falling Short. She's joined by David Willetts, former member of the UK government and author of The Pinch: How the Baby Boomers Took Their Children's Future - And Why They Should Give It Back, also by Monika Queisser Head of of pensions policy at the Organisation for Economic Co-operation and Development (OECD) and Tom McPhail, Head of Pensions Research at Hargreaves Lansdown. All of them say failing to act now, will ensure a considerable problem for generations yet to come.

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