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Well its seems that according to some European pension fund chiefs that not only would a flu pandemic prove to be immensely damaging economically, it may actually reduce the burden on pension funds, as elderly members succumb to the disease!

The article then goes on to say that other problems for pension funds may ensue as the ratio between fit and frail people will alter as the frail will suffer higher mortality rates. This means that the benefits mentioned above may be mitigated by the greater funding of pensions needed for the longer living survivors.

This paints a pretty bleak picture, but I guess it’s sensible for financial institutions to model the various scenarios and assess the long term economic impact of a pandemic.

This is timely, in my opinion, as we are due a flu pandemic at some stage, even if it isn’t from the current bird flu, and plannning for all eventualities is prudent and sensible. It is this level of detail that should actually minimise the impact of a pandemic when/if it hits, which is one of the major differences from the “Spanish flu” pandemic of 1918.