Do our pension plans carry risk?

2015-02-23T22:25:16-08:00February 23rd, 2015|Categories: Pension Funding|Tags: , , , |

In 2013, the Saradha Group financial scam threatened to bring down the ruling government in West Bengal. The group ran fraudulent investment sch emes, collecting thousands of crores from lakhs of investors, promising astronomical 50% returns. However, it did not use investors’ money to build assets, but took it from new investors to pay the older ones. It was a classic example of a Ponzi scheme. It is ironical that while governments try to stem such fraudulent investment structures, [...]