A proven, exciting Retirement planning process for individuals and couples, The Best-Half is a combination of workshops, coaching and personal reflection. It was developed by experienced coaches and educators. For organizations, The Best-Half is a process to be used in succession management especially for transitions and to establish common goals and objectives in the senior phases of a career.

Monday, May 16, 2005

HSBC Study released

Article in the national post this morning announced a major study on the future of retirement in a world of rising life expectancies.
The study was done by Harris and Ken Dykewald who did both the study for AIG in 2001 and the recent Merrill Lynch study that was released 6 weeks ago. Nice gig if you can get it....
The article does look at some interesting comparisons with 9 other countries including Japan and China. What I found interesting was the idea that while many countries have varying methods to cope with retirement planning - generally Banks were not looked upon favourable for their expertise. Of course in Canada where most retirement planning is done through Banks or their wholly owned subsidiaries over 30 percent of the population have gone to the banks for financial advice. In Japan this figure is only about 7% of the retireee population that have looked at determining their needs in retirement vs canada at 46%.
Will be watching for how HSBC starts to refocus their marketing just as Merrill Lynch has done in the US. The market is certainly wide open with not one major financial planning organization providing a tool kit for their customers similar to Best-Half.
Anybody know any decision makers at the big banks?????
Gordon

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