How We Can Save (for) Our Future
In the white paper entitled 'We'll Live to 100 - How Can We Afford It?', the challenges facing retirement systems around the world due to increases in longevity were quantified and explor...
Retirement systems play a critical role in society and impact virtually every major stakeholder group, as well as the broader economy and financial system. Macro trends (globalization, technology, demographics, and regulatory changes) and events (financial and fiscal crises) are reshaping the retirement investment ecosystem and undermining the sustainability of systems across the world. Historically, public and private institutions had managed and pooled the risks of individuals and guaranteed certain outcomes to individual participants (known as “defined benefit” plans), but that system has slowly been supplanted by one where each individual is personally responsible for their retirement (known as "defined contribution" plans).
The Forum is uniquely positioned to address this issue because any solution requires coordinating multiple stakeholders (national/state/local governments, regulators, private investors, institutional investors, asset managers, insurance companies) and solutions are drawn from experiences in many different regions and countries.
The project objectives are to:
1. Raise awareness among key stakeholders as to the implications of the shift
2. Identify best practices and draft recommendations aimed at ensuring: a) access by individuals to retirement solutions; b) the sustainability of retirement systems; and c) access by businesses and infrastructure to long-term capital.
In the white paper entitled 'We'll Live to 100 - How Can We Afford It?', the challenges facing retirement systems around the world due to increases in longevity were quantified and explor...
The challenges of providing ageing societies with a financially secure retirement are well known. In most countries, standards of living and healthcare advancements are allowing people to...
The challenges we face to provide our ageing societies with a financially secure retirement are well-known. Advances in healthcare, diet and nutrition have increased life expectancy aroun...
Women across the globe have 30-40% less money than men in retirement – despite often living longer. Why are they so much worse off?
Pension savings systems differ around the world but the largest of these pots mask a funding gap that is expected to reach $400 trillion by 2050.
A global pension asset shortfall of $400 trillion is expected by 2050. How can we better handle our ageing populations?
More than half of Japanese companies are planning to raise the retirement age of their workforce.
The world’s six largest pension systems will have a joint shortfall of $224 trillion by 2050, setting the industrialized world up for the biggest pension crisis in history.
Life expectancy is going up around the world. While this should be celebrated, it also places enormous strain on our pension systems. What's the solution?
Japan will never close its gender gap unless it overhauls its whole approach to work and life, explains Yoko Ishikura.
Brigitte Miksa, Head of International Pensions at Allianz Asset Management, says we need to rethink how we calculate the burden pensions will place on economies.
Women in the United States are 80% more likely than men to fall into poverty once they retire.
With the elderly beginning to outnumber the young around the world, workers, employers, and policymakers are rethinking retirement.
Women in Norway and Iceland have to work the longest before they can retire, according to the OECD. In these two countries women have the same retirement age as men, at 67 years old. Nex...
In most European countries, labour force participation is low amongst the elderly, as is average retirement age, leading to squeezes on the social security system. Typically, the economic...
More and more workers in Britain are delaying their retirement, which has employers worried. New research released by professional services firm Towers Watson shows that almost half of al...