A technology startup Akropolis, founded by ex-Lehman Brothers fund manager Anastasia Andrianova, has today announced it is building a new smart contract based pensions infrastructure it believes can fix the worldwide pensions crisis.
According to the World Economic Forum, the retirement savings gap around the world will grow from $70 trillion in 2015 to $400 trillion by 2050. This means workers who have been contributing to savings pots for decades are trapped in schemes which may not deliver their funds in full, or even at all. Meanwhile, younger generations are facing a future with no pension safety net, unless they start making provisions for themselves now.
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