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The Actuary The magazine of the Institute & Faculty of Actuaries

Changing world of work and retirement

The world’s local bank – HSBC – has published the world’s most comprehensive study on global attitudes to ageing and retirement, which shows that for many people traditional retirement is a thing of the past. 80% want to scrap mandatory retirement while just 14% equate financial independence with old age.

Entitled The future of retirement, the study examines attitudes in Brazil, Canada, mainland China and Hong Kong, France, India, Japan, Mexico, the UK, and the US – countries and territories which contain over half of the world’s people and combine to give a representative sample of the global population. Find out more at www.hsbc.com/public/groupsite/retirement_future/en/_overview_future_of_retirement.jhtml