Blog: The problem with pensions

The traditional concept of retirement is a relatively recent one. However, retirement may be viewed as a fleeting 20th century historical curiosity, unless more employers re-engage in a meaningful way in how income is provided for their staff. When considering thinking about pensions we might want to think, quickly, about two broad questions. What are most pensions for? To provide an income, based on deferred pay, for people in their later years. Why did most employers set them up in the post-war years? To allow employees to live with a reasonable income when they completed their w...