#DefinedContribution

@csquarent.bsky.social

2 months ago

Gen X faces largest retirement savings gap of any generation On average, Gen Xers expect to retire with $711,771 saved — far short of the $1,116,747 they believe is necessary for a comfortable retirement.

"While many #BabyBoomers have #pension plans that provide an income for life, #GenerationX entered the workforce as pensions were being replaced by #DefinedContribution plans and before features like auto-enroll and auto-escalate became common." And it's showing. #RetirementPlans

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Financial World, the magazine of LIBF

@financialworld.bsky.social

4 months ago

Collective DC schemes will play ‘significant role’ in pensions, says UK minister Torsten Bell tells FT that new products will boost trust in retirement savings system

Collective DC schemes will play ‘significant role’ in pensions, says UK minister

www.ft.com/content/3637...

#DC #pensions #CollectiveSaving #savings #demography #regulation #financialservices #DefinedContribution

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Russell Sawatsky

@russsawatsky.bsky.social

10 months ago

A photo full of coins representing the accumulated value of a defined contribution pension plan.

If you have a #DefinedContribution (DC) pension through work, you’re not alone. But what does that actually mean?
My latest #MoneyArchitectFinancialPlanning blog walks through how DC plans work, your choices, and how to plan for retirement. #PFCan moneyarchitect.ca/understandin...

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Financial World, the magazine of LIBF

@financialworld.bsky.social

10 months ago