Increasing life expectancy has led to significant shifts in working populations. We now live 10 years longer than our parents and 20 years longer than our grandparents.


The way societies and individuals prepare for retirement does not reflect our current demographic reality. On average, individuals are outliving their money by between eight and 20 years.1


COVID-19 has severely intensified these trends. It could take decades to repair the pandemic’s impacts on unemployment levels, the deepening health and wealth inequalities, and the devastating investment outcomes for pensions and savings.


To address this new reality, redesigning traditional approaches to work and retirement is crucial to ensure people can transition flexibly and thrive in later life. No two people are alike — you need solutions that recognize people’s financial status, health and future career aspirations. Now, more than ever, it’s vital to support flexibility to build resilience so your people can live healthier lives, be financially strong and stay active in the workforce longer.


77% of employees expect to continue working post-retirement.2

1 World Economic Forum. “Investing in (and for) Our Future,” June 13, 2019. Available at

2 Mercer. 2020 Global Talent Trends Study.


Three ways to start redesigning retirement 

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