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...Fink is not alone in his concerns about retirement. Congress has passed two reform packages in the past five years aimed at making 401(k) and other retirement plans more comprehensive and effective....
...Millions of Americans are at risk of running out of savings in retirement,” said Catherine Collinson, president of the non-profit Transamerica Center for Retirement Studies....
...Unifying a person’s multiple schemes in a sensible reform of UK pensions offers the best chance of tackling the retirement under-saving crisis. The author is a partner at pension consultants LCP....
...of retirement remaining....
...Yvonne Braun, director of long-term savings at the Association of British Insurers, welcomed the plans to compare the performance of pension providers....
...The plan is designed to alleviate pressure on a pension system that is expected to come under huge strain in the next few years as a whole generation of “baby-boomers” born in the 50s and 60s enters retirement...
...The paper looks at how a typical couple, a woman and a man, starting to save at age 25 can hit three critical targets: amassing as much money as possible before retirement at 65; providing financial security...
...Fink described the mismatch between what Americans were saving and what they would need for retirement as “a problem so big and urgent that government and corporate leaders [need to] stop business as usual...
...Richard Donnell, research director at property website Zoopla, said: “The numbers don’t really add up unless you live in a big house....
...“As more investors enter or live through retirement, they’re wanting a semblance of control, or at least a feeling of relative security,” Johnson said, and are gravitating towards products that come with...
...For older readers in retirement there is a good argument to be made for drawing more heavily on any savings outside a “tax wrapper”, such as a pension or Isa....
...Greg Jackson, Octopus Energy’s chief executive, undersells the potential savings from heat pumps (“CEO offers to take a look at his lordship’s heat pump”, Letters, March 26)....
...But there are reasons to doubt it, from shifts in the balance of savings and investment to higher levels of government debt....
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...The business consultant is about to inherit around £250,000 and the sum will substantially ease his looming retirement: at 63 he describes himself as “transitioning out of work”....
...“When the stock market is not seeing smooth growth at the same time as higher inflation, you see people’s retirement position start to worsen,” said Coles....
...Employers are not obliged to pay into a pension plan chosen by their workers....
...,” says Eric Veiel, head of global investments at T Rowe Price....
...As Eurostat reminds us, pension entitlements are: …an important part of households’ wealth and is therefore relevant for an analysis of households’ consumption and saving behaviour....
...Tom Selby, director of public policy at investment platform AJ Bell, said it was “encouraging” that the vast majority of people had chosen to keep saving for retirement....
...The California Public Employees’ Retirement System has named a former top executive at the New Zealand sovereign wealth fund to direct the largest US public pension plan’s investments following the abrupt...
...Claire Trott, divisional director of retirement and holistic planning at St James’s Place, says: “This is a question we are asked all the time, and there isn’t a right answer as none of us have a crystal...
...Almost all other government employees don’t. As such, the Treasury’s largest cohort of creditors include nurses, teachers, civil servants and soldiers....
...UK ministers and the regulator must not “finish off” the remaining traditional pension plans offering millions of workers a secure retirement income by making them invest in less-risky assets “inappropriately...
...“I don’t want my job and savings at risk at the same time,” he says. “It’s the opposite of diversifying.”...
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