The public pension system is under stress, thanks to global ageing

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Rene Schaaf, senior vice president and chief operating officer, Principal International, Inc., is responsible for global business development, strategy and operations of the company in Latin America and Asia. She met Mint during a recent visit to India and discussed global trends in the pension industry. She also elaborated how India is in a unique position when it comes to the retirement market, thanks to the relatively younger population. Schaaf stresses the importance of defined contribution plans for sustainable evolution of the pension industry.