There is a universal concern about the future of pension plans, but a revolution is needed, says pension advisor Keith Ambachtsheer.

In his new book, Pension Revolution: A Solution to the Pensions Crisis, he outlines a new pension design called The Optimal Pension System(TOPS), which offers an integrative solution to the pension crisis.

Organized around seven broad themes, ranging from the politics and governance issues of pensions to the benchmarking of results, the book shows how troublesome agency issues can be resolved and how new research findings from the fields of behaviour finance and investment lead logically to TOPS.

This new pension design avoids the pitfalls of the existing defined benefit(DB)pension plans such as musical chair risk shifting games as well as the problems of defined contribution(DC)plans which include agency and longevity risk baggage.

For more information on the book, click here.

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