Pensions time bomb will go off as population ages, warns Ark Life chief

THE pensions industry was given a sharp wake-up call yesterday by Ark Life, which warned of countless problems facing the sector in the years ahead.

In both the short and medium term, the radical change in the investment climate has set the scene for serious under-performance of funds taken out since the late 1980s.

Back then, pension funds were based on two basic assumptions that have changed radically in the meantime.