In one area, powerful storm winds toppled a train from its tracks, the officials said
americas5 hours ago
Almost 80 per cent of workers, including those in the UAE, underestimate how much they need to be putting aside for their retirement, according to a newly released research.
The study carried out by the deVere Group, one of the world's largest financial advisory organisations, has found that 78 per cent of employees do not know how much money they need to fulfill their plans before they sought help of a financial adviser.
"This is true across all incomes, working age brackets and nationalities," said Nigel Green, deVere CEO and founder.
"In the last few years, it has become clear that working age people do increasingly understand the need to save for their retirement," added Green.
"They know that the government won't be able to support them as it has done for generations before due to an ageing population and shrinking workforce. Also, they are aware of significant rise in living, health and care costs; that company pensions are less generous - if they exist at all - and that we're all living longer, meaning that accumulated funds need to go further."
"However, what is alarming is that the vast majority do not know just how much they will need to save. This black hole in the detail - not knowing how much they will need in something as fundamental as funding their retirement - is extremely concerning indeed."
reporters@khaleejtimes.com
In one area, powerful storm winds toppled a train from its tracks, the officials said
americas5 hours ago
Temperatures will rise gradually throughout the day, the Met department said
weather6 hours ago
Arabella was recently recognised with a gold medal at the first edition of the Sheikh Hamdan bin Zayed Environmental Awards
uae8 hours ago
Post the Covid pandemic, the Emirates has emerged as one of the most popular spots for destination weddings
uae8 hours ago
It bears the name 'Dubai' in Arabic and dates back to the 1960s
uae8 hours ago
The quake occurred at 3.03am local time
uae8 hours ago
Debutant and |Dubai amateur Oscar Craig makes the cut on a tough day dominated by warm winds
sports12 hours ago
In a packed leaderboard the tied second place was decided on a card countback with the Emirates Golf Federation 2 Team prevailing
golf13 hours ago