Financial Crisis

The financial crisis has had an enormous impact on the financial plans of millions of people around the world. The savings of millions of retirees and near retirees have taken a huge hit at the worst possible time. This message has become fairly ubiquitous in the financial media. However, the message that has not been as clear involves longevity risk . The reality is that average lifespans are headed in the opposite direction from the levels of saving required to fund those golden years...

HSBC released its fifth annual "Future of Retirement" study. The study is the largest of its kind, covering over 15,000 people in 15 countries. The report suggests a perfect storm of demographic, individual and financial factors that have the potential to derail the retirement plans of millions of people around the world: Stephen Green, Group chairman of HSBC, said: "A perfect storm is confronting pensions planning, created by an ageing population, falling pension funds values, a drop in state...