StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Worth Investing in a Pension - Dissertation Example

Cite this document
Summary
This dissertation "Worth Investing in a Pension" perfectly describes that the overall population trends in the UK suggest that the population is aging fast and more and people are going to live a life of retirement for a relatively long period of time…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.3% of users find it useful
Worth Investing in a Pension
Read Text Preview

Extract of sample "Worth Investing in a Pension"

Download file to see previous pages

It also ensures that the individuals have sufficient funds apart from the State related benefits to maintain a very decent lifestyle. (Lluberas, 2007). This is also evident from the fact that the overall pension funding gap is increasing rapidly every year and individuals require up to? 10,000 every year to fill that pension gap and the overall gap will be over? 300 billion per year.1 Trend also suggests that as the population ages, the overall ratio of people working to support the State Pension will decrease from 3.

32 in 2001 to 2.44 in 2060. This decline in the overall number suggests that more and more people will be on the State Pension and as such the overall benefits may continue to decline due to the increasing pressure on the government to pay off State Pension to such a large number of people every year. (Bonoli & Shinkawa, 2005) It is, however, important to note that the different studies have suggested that the pension funds in which individuals invest for their pensions may not be performing well.

Though most of the pension funds in the UK achieved positive returns in 2010 however, considering the long term nature of such investments, it may be relatively arbitrary to conclude that the pension funds can provide sufficient and desired returns to ensure that the investors (individuals) will have sufficient pensions to live a comfortable retirement life. (Blake,2000) The choice of this topic has been mostly based on the assumption that as the number of people grow and rely more on the State Pension, their overall standards of living may decline sharply when they are in the retirement age.

Such a sharp decline in the standards of living, therefore, requires that the people must consider investing in the Pensions from the days when they are earning higher amounts every year. (Cohen, 1981). 

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Is it worth investing in a pension (UK context) Dissertation”, n.d.)
Retrieved from https://studentshare.org/family-consumer-science/1407413-is-it-worth-investing-in-a-pension-uk-context
(Is It Worth Investing in a Pension (UK Context) Dissertation)
https://studentshare.org/family-consumer-science/1407413-is-it-worth-investing-in-a-pension-uk-context.
“Is It Worth Investing in a Pension (UK Context) Dissertation”, n.d. https://studentshare.org/family-consumer-science/1407413-is-it-worth-investing-in-a-pension-uk-context.
  • Cited: 0 times

CHECK THESE SAMPLES OF Worth Investing in a Pension

An Investigation into the Services Provided by the National Insurance Board of the Bahamas

Started in 1972, the National Insurance Board (NIB) of the Commonwealth of the Bahamas is an organization in charge of the management of the Bahamian social security system.... It was established based on a Parliament Act - the National Insurance Act which was signed into law by the Minister of Labor and Welfare, Clifford Darling, on December 12, 1972....
15 Pages (3750 words) Coursework

Personal Financial Planning

Personal financial planning report for Ms Lucy Hargreaves Table of Contents 1) Introduction 4 2) Goals & Objectives 4 2.... ) Immediate Objectives 4 2.... ) Long-term Goals 5 3) Current Scenario Analysis 6 3.... ) Total Assets Analysis 7 3.... ) Total Liabilities Analysis 7 3....
10 Pages (2500 words) Essay

The Fixed Rate Mortgage: Availability of Finance

The risk involved in investing there, such as examining the company's financial performance, such as its balance sheet, cash flow, revenue statement, etc.... Another opportunity is to split his investment money, such as investing some funds for government bonds, while some funds are invested in other companies....
8 Pages (2000 words) Essay

Investment Decision Making

Furthermore, the investment performance of typical negative-screened SRI funds has been inconsistent over the past ten years, causing many investors to seek more rigorous and quantitative investment strategies, such as sustainable development investing, that provide both top performance and social responsibility....
11 Pages (2750 words) Article

Achieving Fair Outcome in Ancillary Relief

Reconciling fairness in ancillary relief applications has been, and continues to be, one of the most difficult problems facing courts and judges in England and Wales when deciding divorce cases....
11 Pages (2750 words) Essay

Accounting Question

The Health of Ontario pension Plan is of the view that pension plans are very useful because they encourage most employees to save and be certain about the future.... In this context, defined-contribution and defined-benefit types of pension plans will form a major part of the discussion.... However, its main disadvantages are it offers inaccuracy in the estimates, difficult in summing up all the assumptions under the DB plan, and lastly it has got many issues revolving around the off-balance sheet pension accounting....
2 Pages (500 words) Essay

The Fiscal Sustainability of the Current UK Pension System

The paper "The Fiscal Sustainability of the Current UK pension System" highlights that future of pension reforms in the United Kingdom must have three broad objectives.... he basic criterion of a good pension system is that they must be able to generate incomes sufficient to provide a socially acceptable standard of living for those who are no longer working.... (Davis, 2004)The United Kingdom, like several other countries, offers a defined benefit (DB) state pension to retirees, which is linked to their lifetime earnings....
65 Pages (16250 words) Research Proposal

Pension and Taxation

The individuals will be encouraged to save more for their retirement along with greater flexibility and choice in terms of investing in a variety of pension schemes.... This case study "pension and Taxation" pension and associated taxes, the importance of pension from taxation and planning perspective, types of pension, tax relief on contributions made towards pension & benefits of pension in aiding investment and changes in pension from the view-point of taxes....
10 Pages (2500 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us