Pension Revolution

Praise for Pension Revolution
"When Keith Ambachtsheer puts his keen mind to work on a problem,watch out! Here he exposes today's fragile arrangements for themost serious social dilemma of our times--financing retirement.Then he provides a compelling and powerful set of solutions. Hiswritings are essential reading for all who care about the future ofAmerican living standards."
--Peter Bernstein, founder and President, Peter L. Bernstein, Inc.,and author of Capital Ideas and Against the Gods
"This book describes one of the most ingenious inventions in thehistory of mankind: pension funds offering credible promises aboutold-age income. It reads like a thriller: how can well-governedpension funds be created in an imperfect world in which mortalswrestle with foibles and moral shortcomings? One of the world'sleading experts on pensions searches for the answer--and findsit."
--Lans Bovenberg, Scientific Director, Network for Studies onPensions, Aging, and Retirement, Tilburg University, TheNetherlands
"Pension Revolution exposes the inadequacies of current pensionsystems and persuasively makes the case for the fundamental changesthat are needed. It is essential reading for both the pensionindustry and policymakers."
--Elizabeth Bryan, Chair, Investment Committee, Unisuper ManagementPM Ltd, Australia
"Most analyses of complicated issues deal with complexity bysimplifying or only looking at one piece-part, and, in doing so,provide limited value. In stark contrast, Keith Ambachtsheer boldlywades into the complexity in Pension Revolution to come up with avaluable integrative solution. He is a most welcomerevolutionary!"
--Roger Martin, Dean, Joseph L. Rotman School of Management,University of Toronto, Canada
"We have known Keith for over ten years, and consistently over thattime, he has constructively and comprehensively challengedconventional wisdom. He has done this so effectively that many ofhis initial thoughts have now become universally accepted norms.Such is his energy however that he continues to push the boundariesof pension and investment thinking."
--Peter Moon, Chief Investment Officer, Universities SuperannuationScheme Ltd, UK
"Pension Revolution not only explains the shortcomings of theexisting pension system and the underlying design features thathave resulted in the current pension upheaval. It also offersthoughtful and creative suggestions for prospective pension design.A must-read for anyone interested in the future of retirementfinance."
--James Poterba, Professor of Economics, Massachusetts Institute ofTechnology and a member of the TIAA-CREF Board of Trustees