WEF report points to massive shortfall in provision for old age

Singapore

A FINANCIAL bombshell of a report published on Friday by the World Economic Forum (WEF) suggests that most people in economically advanced nations are dangerously underproviding for their retirement in terms of savings, and that they face financial difficulties or relative poverty in old age as a result.

People born in countries such as the US, Britain, Canada and Japan from now on can expect to live to…