Traditional DB and DC pension plans have both become dysfunctional, as have attempts to “prove” that one is superior to the other. Far better that we should devote our energies to designing a new breed of pension plans, adapted to twenty-first-century realities. Such plans strike an...

Accused of changing his mind, the great economist John Maynard Keynes is said to have retorted, “When the facts change, I change my mind. What do you do?” In that spirit, the articles in this issue of the Journal challenge conventional pension design and management thinking in important ways

On December 14, 2011, the Wall Street Journal carried an article titled “A Manifesto for Sustainable Capitalism” by former US Vice President Al Gore and his partner at Generation Investment Management, David Blood. The article signaled the launch of their white paper on sustainable...