StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Personal Financial Planning - The Pensions Environment - Essay Example

Cite this document
Summary
Longevity is a natural phenomenon. The reasons behind Longevity or increase in ‘life expectancy’ include availability of hygienic food, improvement in technology that…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.2% of users find it useful
Personal Financial Planning - The Pensions Environment
Read Text Preview

Extract of sample "Personal Financial Planning - The Pensions Environment"

Download file to see previous pages

Kingdom, United States of America, Japan, Sweden, Switzerland, France, Germany, Spain, Switzerland, Hong Kong, Singapore, Australia, Italy, Canada, New Zealand and others etc. have enormous resources, highly sophisticated and modernized technology, technical education and know-how that have enabled them to provide a safer and secure living environment to their citizens in comparison to poor third world, African and Asian countries such as , Zimbabwe, South Africa, etc. However, at one extreme, the governments of these developed countries are engaged in providing quality living facilities and standards that have dramatically increased the life expectancy rates and have resulted in a colossal increase in populations of elderly and retired personnel.

On the other extreme, these governments are facing immense problems due to these constantly increasing average age statistics that have jumped tremendously in past 25 years in the wake of improving environmental conditions and other factors. More specifically, this paper aims to discuss the issue of increasing longevity that has placed severe strains on the pension system and has forced radical reform of pensions’ structures in developed economies. I will be focusing on the impact of longevity on United Kingdom’s pensions’ structure and pensions policy planning. John H. Fitzpatrick (2009) who is a Partner and Director of Pension Corporation revealed that there are six major forces that affect the size and ownership of Longevity Risk.

The first factor is the fact that number of retired people will continue to grow with the passage of time because of the ‘increase in population amid baby boom and life expectancy’. This would place severe strain over the authorities that are responsible for development of pension policies and allocation of pension budgets. The problem is further aggravated when Economic growth in the UK creates more jobs every year thus reducing unemployment at one stage, while on the other,

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Personal Financial Planning - The Pensions Environment Essay”, n.d.)
Personal Financial Planning - The Pensions Environment Essay. Retrieved from https://studentshare.org/miscellaneous/1563023-personal-financial-planning-the-pensions-environment
(Personal Financial Planning - The Pensions Environment Essay)
Personal Financial Planning - The Pensions Environment Essay. https://studentshare.org/miscellaneous/1563023-personal-financial-planning-the-pensions-environment.
“Personal Financial Planning - The Pensions Environment Essay”, n.d. https://studentshare.org/miscellaneous/1563023-personal-financial-planning-the-pensions-environment.
  • Cited: 0 times

CHECK THESE SAMPLES OF Personal Financial Planning - The Pensions Environment

Intended Career and Remuneration Package

Insight and opinion on renting versus buying- the purchase of first house is not mainly about the ownership of personal property.... In addition, for me to become an expert in the paths of career, I will have to conduct various researches on careers and to scan the environment on regular basis.... Other skills that will be significant in my career include: project management, planning and organizing, technology, and dedication to continuous learning....
6 Pages (1500 words) Assignment

Basic Ideas on Pensions

Basic Ideas on pensions Pension is defined as an arrangement where the employee's management gives payments or benefits for the employees' retirement.... Management Subject: Professor: November 29, 2012 Management includes pension decisions.... The research delves into pension plans and ethical business decisions....
8 Pages (2000 words) Essay

Financial Planning and Client Financial Fitness Assessment Method in Australia

This assigned study describes the relevance of financial planning for clients as useful tools of financial services guide & skills requirement, Client Financial Fitness Assessment and its use as a useful strategy.... hellip; financial planning, the acquisition of funds to finance planned activities by the Financial Planner, is the practice of determining present and future financial goals.... The role of three companies, like Colonial First State Investments Limited and Professional Investment Services Pty Ltd related to providing financial planning services, has been sorted out in the assigned study....
8 Pages (2000 words) Assignment

Entrepreneur and New Product Development - Case Study Analysis

An entrepreneur can be said to be a person or group of persons who has possession over a new enterprise or venture and assumes full accountability for the inherent risks and the outcome....
5 Pages (1250 words) Essay

Personal Financial Planning of a Common Citizen

This essay "personal financial planning of a Common Citizen" deals with the concept of financial planning.... As the author puts it, the proper financial planning from the right age would also assist a person in fulfilling his other dreams and commitments.... Also, the proper financial planning from the right age would also assist a person in fulfilling his other dreams and commitments like those of education of family members and purchasing of house, etc....
10 Pages (2500 words) Essay

Financial planning

In the business environment, knowledge is the key resource to lasting competitive advantage.... Normally, before introducing products in a given market the knowledge about… Moreover, business knowledge in a given environment influences the ability of the business to design strategies that would make the company competitive.... Thus, the interest of the clients comes first when designing policies that would affect business environment....
5 Pages (1250 words) Assignment

Activities of the Financial Planner

The paper 'Activities of the Financial Planner' focuses on financial planning, the acquisition of funds to finance planned activities by the Financial Planner which is the practice of determining present and future financial goals.... This assigned study describes the relevance of financial planning for clients as useful tools of financial services guide & skills requirement, Client Financial Fitness Assessment and its use as a useful strategy.... The role of three companies, like Colonial First State Investments Limited and Professional Investment Services Pty Ltd related to providing financial planning services have been sorted out in the assigned study....
8 Pages (2000 words) Term Paper

Demographic Change and Pension Reform

The management gives the retirements benefits in exchange for the employees' serving the company for many years (Kieso et al.... 2006, p.... hellip; Under the plan, the employee beneficiaries are paid the amount equal to the amount contributed.... The management regularly deducts the pension contributions from the employee's salaries....
9 Pages (2250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us