CS, Morgan Stanley to provide comfort for Korean grannies
As KoreaÆs pensionsÆ shortfall threatens the future of its retirees, the National Pension Service turns to Wall Street for a solution - but at what cost?
After working like a dog all your life, spending your incontinent, twilight years in poverty is a bleak prospect, and yet the shortfall within KoreaÆs pension funds looks set to condemn its pensioners to an old age of watching their pennies.æInvestment SolutionsÆ at Credit Suisse and æGlobal Portfolio SolutionsÆ at Morgan Stanley have been given the job of strategically partnering with the National Pension Service to come up with their own solutions for KoreaÆs senior citizens û as fi…
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