Actuaries on the BVI "fund pension": Realistically, it is not an old-age provision

In the opinion of actuaries, real old-age security can only be achieved with lifelong pensions. This requires collective systems in which the existing risks can be balanced out. There are many ways of organizing risk equalization, from traditional life annuities with a guarantee and profit participation to guarantee-free unit-linked life annuities or pure defined contribution plans in the social partner model. Comparably constructed life annuities could also be presented in combination with investment funds. The aim must be to be able to combine lifelong protection with an attractive capital investment in occupational pensions and private provision as well.
 

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