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Pensions could be "wiped out" by resource shortages, actuaries warn

2013-01-23 01:42:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Shortages of water, metals, and other crucial resources could see pensions "wiped out and reduced to negligible levels", according to new research. Such constraints are not currently being factored into standard economic modelling even though they have had a significant impact in the past, the paper by Anglia Ruskin University's Global Sustainability Institute finds. Commissioned by the Institute and Faculty of Actuaries, the report models how resource constraints will affect investment and...

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