Also, some have set the default investment option to a diversified portfolio that is rebalanced automatically as the worker ages or have set contribution rates to rise automatically over time in line with salary increases. However, although these changes in program design may boost saving and improve investment choices, they are not a substitute for continued financial education.
Which is interestingly translated into French, in Harrap’s dictionary, by •  “cela ne presente aucun risque”! Now there is a language lesson in great need of some urgent revision for us all, as we move together towards Basel II. BIS Review 151/2007  1  Or dare I recall another, once timely, banking phrase?