Pensions, Retirement and Old Age

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Among the respondents 60 per cent thought that the best way to save for retirement was to invest in property and 49 per cent thought that pensions were the best option. A viewpoint they may have changed the last week. According to Financial Times the recent price declines are bad news for people saving in pension funds and who are on the cusp of retirement. career it won't have any longer lasting effects on their savings.


In a special supplement published at the start of the new year, the 'Financial Times' reported the findings of a global study on pensions which showed that, in the last year alone, an estimated $1, 400 billion (that's one thousand, four hundred billion dollars) had been wiped off the value of retirement funds. In the UK, pensions fund assets plunged to $ -equivalent to about 66 percent of gross domestic product. In 1999, the same assets were worth $1, 400 billion, nearer to 100 percent of GDP.

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Gordon Brown has renamed the DTI the Department for Business, Enterprise and Regulatory Reform (DBERR) to reflect its focus on the reduction of red tape and a commitment to entrepreneurship. 2006 Older employees plan to keep on working Older employees are increasingly willing to work on past the traditional retirement age, according to a new survey. called 'baby boomers' have told Heydey, profit organisation set up by Age Concern, they want to work past the state pension age.

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