The Retirement Crisis

It’s no coincidence to many experts that the retirement gap, what people need in retirement and what they actually have, has widened with the demise of traditional pensions, particularly in the private sector. The trend continues, with more companies closing their plans to new hires, writes Carrie McCabe for Forbes,...

In the UK it’s called equity release and it’s becoming a more popular way to free up retirement income. Stats from the UK show that this type of strategy is on the rise, with more Britons accessing the equity in their homes to pay for retirement-related expenses, usually when they don’t have adequate retirement income...

San Diego’s five-year-old pension cutbacks are being reviewed by California’s Supreme Court with the possibility that they might be rolled back, writes David Garrick for The Union-Tribune. At stake is the city’s shifting of pension provision from a defined benefit model to a 401 (k) schemes, except for police officers....

 It didn’t take the Investment Management Corp. of Ontario (IMCO) long to make its first deal on behalf of its two initial clients. Just days after it began to officially manage the assets of the Ontario Pension Board and the Workplace Safety & Insurance Board, IMCO “is taking part in a deal to acquire a U.S.-based...

A promise isn’t worth much if it isn’t kept, as thousands of American retirees are discovering, writes Ed Leefeldt for CBS Money Watch. Ohio iron workers are experiencing this as their pensions have been reduced, in some case by more than half, due to troubled pension funds trying to sort their books. Using a 2014 law,...

UK pensioners, in record numbers, are borrowing against the equity in their homes to raise money for retirement needs and expenses, writes Katie Morley for The Telegraph. Older Britons, by the tens of thousands, are accessing the equity in their homes “as they struggle to fund retirement plans and pay care bills in...

It’s no secret that Canadians are staying in the workforce longer, delaying retirement. Some stay because they have to, driven by a lack of retirement income. However, others remain because they want to and this trend, writes Scott Anderson for Benefits Canada, presents opportunities to employers. A 2015 survey by HSBC...