Retirement has changed as defined benefit plansdie and defined contribution plans increase, leaving agood number of financially uneducated people in charge of their'retirement planning.' (Photo: Shutterstock)
Changes in life expectancy, population growth and retirementsavings vehicles are colliding to present a growing dilemma: how toprepare for a retirement that will accommodate longer lifespans,periods of poorer health and a population that is generally illprepared to save enough for their own retirement.
Not just individuals, but governments and employers must acttogether as “social partners,” according to a new global retirementreadiness survey from the TransamericaCenter for Retirement Studies and the Aegon Center forRetirement and Longevity, “The New Social Contract: EmpoweringIndividuals in a Transitioning World.”
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
