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NEWS

Nov 23, 2017

Don't want to work until you are 70? You will have to, says WEF

The retirement age in Britain and other leading developed countries will need to rise to 70 by the middle of the century to head off the biggest pension crisis in history, according to the World Economic Forum. The body that runs the annual gathering of the global elite in Davos said deficits in the world’s six largest pension systems would more than quadruple to $224tn by 2050 unless people worked longer and saved more. With people born today having a life expectancy of more

Don't want to work until you are 70? You will have to, says WEF

Nov 2, 2017

2 in 3 employees unhappy with work benefits

Employers aren't aware of poor employee understanding of benefits programme. About two-thirds or 64% of Hong Kong employees think their benefits package do not meet their needs, global advisory firm Willis Towers Watson (WLTW) said. According to a survey, conversely, 65% of employers think employees highly value their benefits package. "The main reason for this gap is employers' lack of awareness of its existence," WLTW said. Only 11% of Hong Kong employers cited poor employe

2 in 3 employees unhappy with work benefits