Global Warming Might Kill Your Pension

Actuaries are entrusted with a huge responsibility in today’s world. We need them to tell the future, which is impossible. This is particularly true in the world of pensions where the collective input now has to be equal or greater than the collective output later. If those numbers don’t match up there’s bound to be trouble in the coming years. However, the weather, specifically global warming, could make this even more difficult. A new report, from the Institute and Faculty of Actuaries, a United Kingdom body governing the profession, asserts that resource limits caused by global warming mean that actuarial…