Mumbai: Pension funds, driven by the National Pension System (NPS), continue to deploy money in sovereign debt, with the sector’s ownership of government bonds climbing to a record 4.4%, or ₹4.67 lakh crore, in the last quarter of 2023, up from 3.91%, or ₹3.66 lakh crore, a year ago, as per latest Reserve Bank of … Read more
Gen Zs reckon you officially enter old age at 57 – meaning Gordon Ramsay, Salma Hayek and Mike Tyson are geriatric in the eyes of the young. A study of 2,000 adults revealed those under 27 think old age hits in your late 50s, with retirement primarily involving sitting in an armchair (20%) and ‘pottering’ … Read more
The Australian retirement age has been “steadily increasing” over the past two decades, but a plateau uncovered in the latest retirement data shows the nation’s ageing population have reached their limit for now. Both men and women are now expected to retire at the oldest age on average since the early 1970s, accounting giant KPMG … Read more
Out of many interesting observations from the PGIM India Mutual Fund’s Retirement Readiness Survey 2023, two observations significantly struck my attention. One – that people plan for happy outcomes and disregard the importance of negative ones. Perhaps it’s because we’ve witnessed our elders grappling with health issues, boredom, loneliness, and financial dependency on their children. … Read more
Around this time in 2022, Delhi-based Shalini Narang found herself with some extra cash and didn’t quite know what to do with it. So the 53-year-old homemaker rang up her trusted advisor, Palak Narang, who suggested she invest in some mutual funds (MFs). Hesitant at first, Shalini quickly came around when she saw Palak’s dizzying … Read more
Canadian couples are more open to seeking divorce in later life, and research suggests this can impact women more than men. In Canada, the average age for divorce has been steadily rising over the years, partly because people are increasingly getting married at a later age. In 2020, the average age of divorce was 48 … Read more
