Thursday, March 16, 2006

 

Insurance Sector Offers Financial Institutions Roadmap For Developing Innovative Investment Products For Retirees

The challenge of funding retirement programs for the aging "baby boomer" population is not limited to the United States. Within a century, the number of people over age 65 will outnumber all other age groups in developed countries, including Australia and countries in Western Europe. As this "baby boomer" generation begins to retire, the public and private retirement and healthcare systems currently in place will become less viable. According to TowerGroup, without a concerted effort from both the public and private sector, many countries will inherit substantial financial burdens from their aging population with long-term negative consequences.

Read full story: Insurance Sector Offers Financial Institutions Roadmap For Developing Innovative Investment Products For Retirees
Source: PR Newswire

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