I have been looking into pension plans lately, and just yesterday spoke to the representative of one of the companies which offer private pensions. He thought it was important to inform me of the fact that their pension plans were "guaranteed and insured". That made me think. Are there any plans that are non-insured?
Well, is there anyone in the western world who has never heard about pension fund crashes which took place in the past? While I am sure they all "guarantee" to pay out (who would buy them if they did not?) I am also aware that unforeseen things can always happen, and as such, pension funds can crash.
