Sharp tools needed
Some contend that book reserve pensions took root in Germany because funded pensions, such as they were, had been wiped out in the hyperinflation of the 1920s
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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.
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