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United States Ranks 18th for Retiree Wellbeing in 2019 Natixis Global Retirement IndexThe United States dropped two spots to No. 18 among developed nations on the 2019 Global Retirement Index, released today by Natixis Investment Managers. The annual index, a snapshot of the wellbeing and financial security of retirees in 44 countries, found the US ranked the same or lower in all four sub-indices: health, material wellbeing, finances and quality of life. The analysis by Natixis also identifies three global risks - low interest rates, longer lifespans and the high cost of climate change - that are weighing on retirees, policymakers and long-term global sustainability. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190919005572/en/ "Meeting the needs of today's retirees while preserving retirement security for future generations continues to be one of the most pressing challenges for economies around the globe," said Jean Raby, CEO at Natixis Investment Managers. "We created the Natixis Global Retirement Index to help facilitate a candid conversation about what steps need to be taken to ensure retirement security on a global scale." Now in its seventh year, the Natixis Global Retirement Index examines 18 factors which influence retiree welfare, in the areas of finances in retirement, material wellbeing, health, and quality of life. The Index calculates the relative performance for each of the 44 countries on each of these criteria, resulting in a composite score that provides a comparative tool for evaluating retirement security globally. Highlights of the 2019 Global Retirement Index include:
Factors affecting the US GRI ranking For all four sub-indices, the US ranked the same or lower in this year's Index compared to last year, including Material Wellbeing (28th from 26th), Finances (10th from 9th), Quality of Life (20th from 19th) and Health (held steady in 10th place). The following are notable factors affecting the US position:
Three pressing risks for retirement security The Natixis report, "Global Security. Personal Risks," supplements the 2019 Index and illustrates three pressing risks and their implications for retirees and future generations globally. The analysis serves to encourage dialogue among policymakers, employers and individuals to understand the impact and help manage the risks to society.
The rapidly aging population in the US means a large percentage of people depend on Social Security payments at a rate that threatens the long-term sustainability of the nation's retirement system. At the same time, younger generations are leading the charge for long-term sustainability, seeking to have a positive impact on the world and, ultimately, their retirement security. Natixis research found Millennial investors (aged 23-38) in the US are more likely than older generations to align their personal and environmental and social values with investing and purchasing decisions:
"Now in its seventh year, the Natixis Global Retirement Index has helped us initiate a dialogue about how to ensure retirement security," said Ed Farrington, Executive Vice President of Retirement Strategies at Natixis Investment Managers. "In the US, this dialogue is taking place, and progress is being made. The design of workplace savings plans has improved, efforts are under way to expand access to retirement plans and employers are offering sustainable investment choices. Our research shows that workers are more likely to save for retirement if their investments also are doing social good, and plan sponsors are beginning to realize that incorporating responsible investments doesn't necessarily require a trade-off with performance." To download a copy of the Global Retirement Index, visit im.natixis.com/us/research/2019-global-retirement-index. Methodology The Global Retirement Index assesses factors that drive retirement security across 44 countries where retirement is a pressing social and economic issue. It was compiled by Natixis Investment Managers with support from CoreData Research. The index includes International Monetary Fund (IMF) advanced economies, members of the Organization for Economic Cooperation and Development (OECD) and the BRIC countries (Brazil, Russia, India and China). The researchers calculated a mean score in each category and combined the category scores for a final overall ranking of the 44 nations studied. About the Natixis Investment Institute The Natixis Investment Institute applies Active Thinking® to critical issues shaping the investment landscape. A global effort, the Institute combines expertise in the areas of investor sentiment, macroeconomics, and portfolio construction within Natixis Investment Managers, along with the unique perspectives of our affiliated investment managers and experts outside the greater Natixis organization. Our goal is to fuel a more substantive discussion of issues with a 360° view of markets and insightful analysis of investment trends. About Natixis Investment Managers Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of more than 20 specialized investment managers globally, we apply Active Thinking® to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis Investment Managers ranks among the world's largest asset management firms11 with more than $1 trillion assets under management12 (€898.2 billion). Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Investment Managers' affiliated investment management firms include AEW; Alliance Entreprendre; AlphaSimplex Group; Darius Capital Partners; DNCA Investments;13 Dorval Asset Management; Flexstone Partners; Gateway (News - Alert) Investment Advisers; H2O Asset Management; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners;14 Vaughan Nelson Investment Management; Vega Investment Managers;15 and WCM Investment Management. Investment solutions are also offered through Natixis Advisors and Dynamic Solutions. Not all offerings available in all jurisdictions. For additional information, please visit Natixis Investment Managers' website at im.natixis.com | LinkedIn (News - Alert): linkedin.com/company/natixis-investment-managers. Twitter (News - Alert): @NatixisIM Natixis Investment Managers' distribution and service groups include Natixis Distribution, L.P., a limited purpose broker-dealer and the distributor of various registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, and Natixis Investment Managers S.A. (Luxembourg) and its affiliated distribution entities in Europe and Asia.
1 Data Source (News - Alert): World Bank WDI 2019, OECD, based on the latest data available (2013 to 2017)
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