It is clear that governments across Europe are looking to address concerns over the lack of retirement readiness of the working population. The concern is well founded with projections showing an ageing population where the ratio of the working age population (those aged 15-64) to the retired population (those aged over 65) is expected to drop from 4:1 to 2:1 by 2060. Contributor Mark Sullivan, Head of International Benefits Consulting.
Published: 10 October 2018
According to research by WEALTH at work, 80 percent of employers believe their employees are not saving enough for retirement. This is usually due to affordability or lack of understanding but what many employees don’t realise is the huge difference small changes to their spending habits could make to their savings levels overall.
Published: 26 September 2018
Data from the World Bank shows that the number of people who are retirement eligible will increase significantly over the next 30 years. Specifically the number of people in the EU over the age of 65 will increase from 98 million in 2015 to 150 million in 2050.
Published: 22 August 2018
The monotonous tones of a hyperactive paper shredder pierce the chatter-laden office environment, while I lay motionless for my turn to be turned into confetti. The sound of my heartbeat is deafening as the anticipation of being touched by apathetic hands of an overworked HR Assistant increases with each passing moment. Contributor Murad Salman Mirza.
Published: 25 July 2018
The FCA is currently finalising its Retirement Outcomes Review, looking at the retirement choices made by pension investors. Amid concerns that people might run out of money in their retirement, a new Hargreaves Lansdown research paper sets out a solution to the conundrum of how to help the retire-as-you-go generation manage their investment and income withdrawal strategies in retirement.
Published: 5 April 2018
The value of well thought out planning from early on should not be underestimated and more should be done to help employees with this. A well-structured retirement plan can help employees understand what they need to be doing now, so that they can enjoy a comfortable standard of living once they stop work.
Published: 13 March 2018
Pension rules get tweaked, trimmed, altered and added to almost constantly. With all this tinkering it is little wonder that people are confused when it comes to properly planning for their life after work. We hear a wide range of queries and questions: how to get a bigger retirement pot; how flexible the retirement rules are; and what happens if I die are among the most common.’
Published: 11 March 2018
The Financial Services Industry charges fees on all investments – that’s how they get paid for the advice they offer and the work they do setting up and managing funds and portfolios. In principle that is fine – but even financially savvy people have no idea what these fees are or the impact these fees have on the value of their retirement fund.
Published: 6 March 2018
The New Year is the perfect time to take stock of our finances. Employees who are retiring and have a defined contribution (DC) pension will have a number of decisions to make given the freedom and flexibilities. WEALTH at work have created a list of top 10 considerations for employees who are thinking about retiring in 2018. Do employees understand all their options?
Published: 16 January 2018
Between the decline in the use of traditional defined benefit plans (pensions) and the heavier reliance upon defined contribution plans ... View Article
Published: 22 October 2017