Will Pensions Run Out of Money and Collapse? with Ted Siedle

Interview Recorded - 9th of March, 2023

On todays episode of the WTFinance podcast I had the pleasure of speaking with Ted Seidle, a former SEC attorney.

His firm, Benchmark Financial Services, Inc. has pioneered over $1 trillion in forensic investigations of the money management industry. He’s nationally recognized as an authority on pensions and investment management matters, having testified before the Senate Banking Committee regarding fund scandals and is an expert in various Madoff-related and other litigations.

Ted's new Substack - https://pensionwarriorsdwardsiedle.substack.com/

During our conversation we spoke about the current pension system, why they have underperformed the market, whether they could collapse and how this could impact the markets. I hope you enjoy!

0:00 - Introduction
0:15 - What is currently happening in the pension system?
3:13 - How do pensions work and why would company not want to pay pension?
8:00 - Why have pensions underperformed?
11:25 - No incentive for pension managers to change
14:40 - Why has the pension system not changed?
17:15 - Could pension funds collapse?
21:00 - Issues with illiquid investments
24:00 - Pension red flags
28:00 - Will pensions run out of money?
31:50 - How will pension crisis impact markets?
33:40 - One message to take away from conversation?

Ted Siedle -

Website - https://siedlelawoffices.com/
Twitter - https://twitter.com/EdwardSiedle?
LinkedIn - https://www.linkedin.com/in/edward-si...

WTFinance -

Spotify - https://open.spotify.com/show/67rpmjG...
iTunes -