Pensions

Why the recession will last into retirement

The legacy of the current recession will be felt for years to come in the pensions' crisis it is storing up, leaving many of us with a far less comfortable retirement than we had hoped for.

Prudence or plain stupidity?

Americans are a resilient bunch.You can tell them that their workplace savings scheme (401k) is sinking like the Titanic, but they'll still throw money at it.

Will bitter 70-year-olds become a common sight in the office?

Twenty years from now the workplace could be clogged up with a generation of embittered older workers who cannot afford to retire yet resent being told what to do.

A darker future

Just in case some of you weren't worried enough about your jobs, did you happen to hear that in the US, workplace retirement plans have taken a hit to the tune of $2 trillion dollars?

Paying the bills puts pension saving on hold

Americans are cutting what they put into their pensions, or even stopping funding their retirement altogether, as they struggle to keep their heads above water financially.

Old age (but not retirement) starts at 75

Most American now feel old age begins at 75. But that doesn't mean that they're at all keen to graft away in full-time work for an extra decade.

Toughing it out

I was quite surprised to happen upon an article last week that claims that American workers are continuing to fund their workplace savings plans, despite the market volatility.

Phased retirement staves off talent exodus

Faced with the mass exodus of baby-boomers, American employers are increasingly turning to phased retirement programs to keep workers on board for as long as possible.

Pensions on the decline as a top-level perk

Rising costs are encouraging employers to look at alternatives to gold-plated pensions when it comes to attracting and retaining senior executives.

Downturn hits the U.S. elite

Even wealthy Americans are being hit by the downturn, with the country's elite becoming increasingly concerned about their financial health and their retirement prospects.

Americans raiding pensions to make ends meet

More evidence has emerged that Americans are storing up financial problems for the future, with a quarter raiding their pension pots just to make ends meet.

Gen X faces retirement perfect storm

Fewer than a third of Generation X are confident they will ever be able to retire and stop work completely, with most worried about supporting aging relatives and debt-laden children.

Recession could lead to retirement catastrophe

The looming recession is forcing Americans to put their retirement saving on hold, raising the prospect of a pensions' catastrophe in decades to come.

U.S retirement crisis just got worse

When times are hard it's all too easy for retirement saving to drop down the priority list - which is exactly what is happening in America.

The ageing of the American workplace

Change is slowly taking over the workplace in ways that many people probably see but not notice. One such example is the ageing American workplace.

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Fifth of UK workers forced to retire early

A fifth of British workers complain they have been pressured by their managers to take early retirement when they would much rather have carried on working.

Retirement woes go global

Across the industrialized world, hundreds of millions of Baby Boomers who are approaching retirement are growing increasingly concerned about their financial security.

Rid us of this pensions millstone, say UK firms

British companies are not just closing their final salary pension schemes to new employees. Many now want what has become a financial millstone off their balance sheets all together.

Pensions double whammy for British workers

Bad management of defined contribution pensions by British employers risks leaving workers 70 per cent worse off in retirement than they should be.

Pensioned off?

Thinking about retiring soon? If you're working in Europe, you may need to rethink your plans. Because while we Americans often think that Europeans have a pension system that would make most other countries drool, the reality is anything but sweet.

Third of boomers face penniless retirement

Almost a third of American baby boomers face a poverty-stricken retirement because they have not squirreled away enough money to finance their twilight years.

Pensions black hole keeps getting deeper

Longer life expectancy is not just making retirement more expensive, it is hiking up the price of pensions and insurance for employers - many of whom have cut their losses and run.

Ten percent no longer enough

The idea that if you save 10 per cent of your income during your working life you'll have plenty in the pot for a comfortable retirement is no longer true, experts are warning.

Older, fitter, indispensable

Far from being a drain on society, older people across the world are making huge contributors to the economic and cultural wellbeing of their nations, with more than one in 10 now working into their 70s.

Boomers face retirement shock

Some 80 million baby-boomers are poised to retire across America over the next few years – and the vast majority are completely unprepared for the transition.

Retiring questions

The Washington Post ran an interesting article this past weekend on retirement plans. While the topic itself isn't revolutionary, it does raise a very interesting point: do 401k and other retirement plans put too much responsibility on the employee and/or the employer.

UK workers face retirement income squeeze

British workers are continuing to sleepwalk into a poverty-struck retirement, with most likely to see their incomes slashed in half when they stop work.

Small business employees lose out on benefits

Workers in smaller businesses in America are not only less likely to have access to health care benefits, but also left high and dry when it comes to company pensions.

Longer life expectancy adding billions to pensions bill

It's self-evidently good news that people are living longer. But every extra year added to the life expectancy of the average British worker adds another £15 billion to the private sector's pension bill.

Employers plan hard sell to buck retirement saving apathy

As many Americans drift towards a penniless retirement, increasingly worried employers are resorting to 'hard sell' tactics to talk up the benefits of joining a company pension scheme.

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