HSBC

The Future of Retirement

In 2005 HSBC published the results of its first global survey, The Future of Retirement in a World of Rising Life Expectancies. That survey covered 11,000 adults (aged 18 and over) in ten countries and territories across four continents. This showed that people want more flexibility and freedom in the way they retire than employers and laws often allow. The OIA was invited to collaborate on the second survey, which was already in the field. Members of the OIA, led by Leeson, analysed the data and authored the subsequent report. HSBC interviewed more than 21,000 adults in 20 countries and territories across five continents, which comprise 62% of the world’s population. Six thousand private-sector employers across the same 20 countries and territories were surveyed to address their attitudes to older workers and the issues presented by global ageing and changing models of retirement.

The 2006/2007 wave of the survey was redesigned by the OIA in order to allow comparative analysis with other international and national surveys on ageing and later life. The focus of the third survey, entitled The Future of Retirement: The New Old Age, was on intergenerational transfers, social and familial networks, workplace and community contributions, and expectations and experiences in respect of withdrawal from the workplace. More than 21,000 persons aged 40-79 years in 21 countries and territories on five continents were interviewed.

Researchers: Leeson, Khan, Harper, Karlsson, Saxena, Marcus

The Future of Retirement in a World of Rising Life Expectancies, HSBC, 2005
The first Future of Retirement report, which surveyed the attitudes of over 10,000 individuals across 10 countries of the world on their attitudes, thoughts, hopes and fears about retirement.

The Future of Retirement: What the world wants; , HSBC, April 2006
This report is the world's largest individual survey on attitudes to ageing, longevity and retirement conducted amongst 21,329 individuals and 6,018 private sector employers in 20 countries and territories across five continents. The results compare the attitudes of employers and consumers regarding ageing and retirement.

There are three key reports published from this Second Survey:

  • The Future of Retirement: What the world wants – An Executive Summary
  • The Future of Retirement: What People want – An investigation into consumer attitudes
  • The Future of Retirement: What Businesses want – Exploring the issues of ageing workforces from employer and employees perspectives
  • The Future of Retirement: The New Old Age, released globally by HSBC and the OIA in May 2007.
  • The Future of Retirement: Investing in later life, released globally by HSBC and the OIA in May 2008.