TITLE

Prepare savers to expect less from personal accounts

AUTHOR(S)
Watt, Gregor
PUB. DATE
May 2009
SOURCE
Money Marketing;5/28/2009, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the statement given by financial industry experts that savers must revise their retirement expectations to avoid disappointment in the level of income provided by personal accounts. According to Association of British Insurers economist Rebecca Driver, people expect a replacement rate of two-thirds of their pre-retirement income. Driver added that there is a huge risk that personal accounts will not attain people's aspirations.
ACCESSION #
41894795

 

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