Asia urged to reform pension systems

Many Asian countries will need to reform their pension systems in order to deliver sustainable and adequate retirement incomes for todayÆs workers, according to a new joint OECD/World Bank report.The ôPensions at a Glance: Asia/Pacificö report notes that to prepare for the rapid population ageing forecast over the next two decades, it is vital to act now to avoid future problems and repeating many of the mistakes made in Europe and North America. ôMany of AsiaÆs retirement-income sys…