Workers and employers pay a fortune into pension schemes. Yet they put up with a system that delivers very poor value for money, explains John Read. Pension schemes face serious challenges – an ageing society and poor investment returns following the ‘Great Recession’ are just two of them. In short, pension systems have not moved […]
Is the Ship of Fools setting sail from Europe?
The Ship of Fools – in Foucault’s book Madness and Civilisation – set sail from Basel in the 14th Century. Today the European Central Bank is launching its own Ship of Fools with quantitative easing, argues Ian Crowther. Basel is home to a museum of alchemy and micro prudential banking regulation. It was also where […]