July CrossBorder - Fees, Charges, Simplicity and Adequacy Remain Biggest Challenges
All things change and so much stays the same is as true today as it will be when each of us eventually retires. Benjie Fraser’s concerns over adequacy, costs and the fruitless quest for financial literacy resonate today as much as they did when the very first socially aware person considered the need for dignity in retirement.
In these uncertain times as in the many other uncertain times before, people naturally consider the immediate needs over the constant need to “put something away for the future”. Gradually, and over time a savings culture will emerge that is as embedded in our DNA as instant gratification has become thanks to a more structured marketing campaign by those who would prefer we spend as much as possible.