Flags of the world at the World Economic Forum in Switzerland; the WEF recently published a white paper on retirement systems. (Photo: Shutterstock)
Life expectancy may be responsible for some of the strain on retirement systems globally. But it's by no means the only problem in the system—and the problem will get larger as the years pass.
This is among the findings in the 2019 white paper “Investing in (and for) Our Future,” from the World Economic Forum's Retirement Investment Systems Reform project, which also highlights the need for inclusivity and sustainability in retirement plans as necessary to protect workers in times to come.
According to the report, the decline of government-provided and defined benefit plans will compel workers to amass more assets in individual retirement savings accounts as well as to manage those assets “effectively” throughout their retirement.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
