European countries including Spain, Ireland, France and Poland and the UK are facing a pension catastrophe, writes John Mauldin, president of investment advisory firm Millennium Wave Advisors. In an article for Forbes, Mauldin said many European nations have an increasingly ageing population and fewer pension contributions coming from younger generations - laying the foundations for "a retirement implosion". He criticised the Swiss vote against increasing retirement age for women by a year, which would have helped its deficit, and warned of the economic uncertainty surrounding Brexit.
European countries including France, Ireland, Spain and Poland and the UK are facing a pension catastrophe, writes John Mauldin, president of investment advisory firm Millennium Wave Advisors. In an article for Forbes, Mauldin said many European nations have an increasingly ageing population and fewer pension contributions coming from younger generations - laying the foundations for "a retirement implosion". He criticised the Swiss vote against increasing retirement age for women by a year, which would have helped its deficit, and warned of the economic uncertainty surrounding Brexit.