Contrarian Investor: Preparing for a demographic crunch

The pensions crisis is a bit like the one currently afflicting the NHS: it never seems to go away.

As George Osborne starts his new job advising BlackRock, perhaps he might take some time to ponder the mess we are all about to stumble into.  I refer not to the DB meltdown, nor the real challenges facing those in their sixties looking to find work, nor even the challenges that come from giving pensioners more choice.  No, the peak pensions challenge I refer to is the simple reality that collectively we have not saved enough to fund our aspirations for the third age. One of the more interesting exercises is to download the birth data for England and Wales and then chart the ebb an...