(...) When people stop working, they need a retirement income. Some are lucky enough to have an employer-provided pension linked to their salary. Everyone else faces a difficult choice. Some ...
Director of EDHEC-Risk Institute
Massachusetts Institute of Technology
(...) When people stop working, they need a retirement income. Some are lucky enough to have an employer-provided pension linked to their salary. Everyone else faces a difficult choice. Some keep their pension pot in cash and watch as it is eroded by inflation. Others use savings products with high fees and risk being hurt by a stockmarket downturn. A third option is an annuity, which guarantees a lifelong income but vanishes at death, even if that is a week after retirement. (...)
Type: | Press article |
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Date: | le 17/05/2018 |
Research Cluster : | Finance |
Source : | The Economist |