Background: The pension deficit has been rapidly enlarging for more than a decade. If the retirement age is set at a … old in last ten years, the feasibility of rising the retirement age has also been promoted. Methods: This paper aims to … construct a mathematical model for choosing a proper policy about raising retirement age on the basis of the interaction between …

advisers to retirement savers. The article also canvasses the customary role of an investment policy statement in promoting … that imposes on financial advisers to retirement savers “fiduciary” status under the Employee Retirement Income Security … Act. The Department reasoned that the fiduciary duty of loyalty was necessary to protect retirement savers from conflicted …