WEF’s Han Yik: Most of us will outlive our retirement savings – by many years

The World Economic Forum is best known for its annual meeting in Davos every January. But in between that week in the spotlight, lots goes on at this multilateral institution, including a great deal of groundbreaking research. The release of a WEF report on retirement funding last week delivered a wake-up call for governments, companies and retirees – for the vast majority, their savings will expire long before their life force. On Rational Radio, I chatted with Han Yik. co-author of the report who said solutions exist, but none are easy. Over-riding all of them, however, is the need for each of us to take responsibility for our own financial future. – Alec Hogg

A warm welcome to the head of institutional investors at the World Economic Forum Han Yik. Han, lovely having you on the program. You guys have just put together a very detailed report looking into the future of savings and retirement in the major economies around the world. It's a pretty gloomy outlook. Just before we go into the details of it, what motivated you to do this report in the first place?

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