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Report finds losses in Mich., local pension funds (AP) State and local retirement pension funds in Michigan lost a fourth to a fifth of their value in the past fiscal year. A report released Monday by the nonpartisan Citizens Research Council said steep losses in the stock market, real estate market and other investments cut pension assets in the year leading to Sept. 30, 2008. Market WatchPress Releases: `At-retirement` market set for rapid growth in the next five years Watson Wyatt predicts the UK ?at-retirement? market for financial products will grow by 60 per cent during the next five years to £23.1 billion, from £14.1 billion at the end of 2008. [Europe] Watson WyattReview of retirement age brought forward An employer's right to retire staff at the age of 65 looks set to disappear as the government says it will bring forward a review of the so-called 'default retirement age' FTEnd of retirement age signalled A review of the default retirement age, which allows employers to compel staff to retire at 65, is to be brought forward by a year. BBCMany couples diverge on retirement planning They may have vowed to stick together in sickness or in health, but that doesn't mean married couples have talked much about their financial plans for retirement. The Philadelphia InquirerReverse mortgages gain favor - Taunton Gazette Once considered a desperate move by cash-strapped retirees, reverse mortgages are entering the mainstream as a tool for retirement income planning. These types of loans are highly regulated, and each ... Big News NetworkWorkers may win right to work beyond 65 Older workers may be no longer forced to retire at 65 after the Government brought forward a review of the default retirement age This is Money5 retirement plan fees to trimBankrate The Pros and Cons of Reverse Mortgages - Time While the recession hasn't spared any age group, it's been particularly brutal for older Americans who were counting on their (now shrunken) nest eggs to last through their retirement years. To supple... Big News NetworkSolicitor Leslie Seldon`s retirement age challenge at appeal court A solicitor who was forced to leave his job at the age of 65 will bring a test appeal today in the first challenge over compulsory retirement to reach the Court of Appeal. Leslie Seldon’s... Big News Network1 2 |
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