[2015-10-15] Blockchain Technology Can Solve the UK Pension Problem

[jdebunt]

http://digitalmoneytimes.com/blockchain-technology-can-solve-uk-pension-problem/

Regardless of how you want to look at things, the financial sector is doing everything in its power to run itself into the ground.  In the United Kingdom a new scandal has been revealed, where the largest work pension schemes prevent savers from accessing funds, and cash transfers are delayed by over three months.   Something will have to change sooner or later.

[1715410458]

1715410458

[1715410458]

1715410458

[aso118]

The problem seems to be the pension funds. They are unwilling to provide customer service and pay on time.
Even if a blockchain based system is introduced, it can't solve that problem.