https://archive.is/https://www.telegraph.co.uk/money/pension...

https://archive.is/f5q06

Pensions in general feel like a scam. How can you guarantee a certain income? Such predictability is just not possible in real life, which is why so many pension funds don’t have enough assets. And so they turn into a Ponzi scheme. This seems to be true in every state or country where they exist.