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The ageing of our
populations presents many challenges for the future but equally, at the same
time, opportunities will be evident for those sectors of society that plan ahead
for the inevitable changes that will come with population ageing.
For the corporate sector
as we look forward the issue will be around labour market shortages and the
need to redesign work practices to ensure older workers are retained in the
workforce through more flexible working conditions. For governments it will
be the increasing costs of health care and the recognition that greater emphasis
is required in health promotion and health prevention. At the same time it will
mean a policy shift on the notion of a mandatory retirement age and even extending
the age where one is eligible for retirement beyond the limits set when life
expectancy post retirement was only 5 to 10 years.
For the generation of baby
boomers the issue will be having sufficient funds for them to have choice as
they transition into a different stage of their life. What we do know is that
for many, they will spend as much time in retirement as that spent in the paid
workforce. So the decisions they make today around financial security are paramount
if they are to have choice and a quality of life in retirement.
Within the global financial
planning sector, companies such as Deloitte Touche Tohmatsu, AXA and HSBC do
understand the challenges and opportunities that the future holds with the ageing
of our population and all have published reports that are designed to inform
and educate the baby boomer generation. In this edition of IFA eNews we would
like to congratulate and recognize Deloitte Touche Tohmatsu for their work.
As part of our educative
role, the IFA will provide links to recent articles and publications as an ongoing
feature in editions of "IFA eNews". Today, take a look at "Taking
Candy From a Baby (Boomer) - Protecting Retirement Savings of an Aging Population",
recently released by Deloitte Touche Tohmatsu through their Global Public Sector
division.
Follow the link at www.deloitte.com/publicsector
or download the pdf version here.
Source : International
Federation on Ageing - www.ifa-fiv.org