<p>宏利金融今天（18 日）发布了一份报告，呼吁全球各国政府、雇主和金融机构与时俱进，现代化退休保障框架。报告指出，随着全球人均寿命的增加，退休不再是一个短暂的过渡期，而是一个通常持续 30 到 40 年的生活阶段。</p>
<p>到 2050 年，全球 65 岁及以上人口预计将达到 16 亿，其中近三分之二居住在亚洲。尽管这一显著的人口结构变化，许多现有的退休保障系统仍是为过去寿命较短、职业路径较为线性的时代设计的。</p>
<p>报告还指出，过于保守的默认退休投资会带来巨大的成本。宏利的分析显示，如果退休人员完全依赖债券而不保持适当的股票配置，他们的月退休收入可能会减少超过 1200 美元。</p>
<p>当前的退休系统难以应对长达 40 年的退休期现实。在发达经济体和新兴经济体中，平均收入替代率已降至退休前收入的 50% 以下。此外，近一半的退休人员常常因健康问题、照顾责任或经济压力被迫提前离开职场。</p>
<p>报告提出了建立稳健退休系统的五个基本支柱，包括（1）充足性和长寿保护：关注可持续的终身收入，而不仅仅是退休时的账户余额；（2）可及性和包容性：确保女性、零工、兼职员工和低收入个人不会因缴费缺口而被排除在正式退休框架之外；（3）灵活性与保护：赋予储蓄者投资选择的自主权，同时纳入保障措施以防止资金的过早耗尽；（4）通过建议建立信心：将数字规划工具与专业咨询服务结合，以简化复杂性并增强对关键决策的信心；（5）透明度和问责制：通过清晰披露投资风险、费用和收入生成机制来促进长期信任。 (da/u)</p>

宏利金融

<p>宏利金融的报告呼吁全球改革退休制度，以适应日益增长的寿命和更长的退休期。报告强调了过于保守的投资策略所带来的风险，建议退休人员如果仅依赖债券，可能会失去每月超过 1200 美元的收入。报告提出了建立稳健退休制度的五大支柱，包括可持续收入、包容性、灵活的投资选择、顾问支持和透明度</p>

<p>Manulife released a report today (18th), calling on governments, employers and financial institutions worldwide to modernize retirement protection frameworks in step with the times. As global life expectancy increases, the report noted that retirement is no longer a brief transition period, but a life stage that typically lasts 30 to 40 years.</p>
<div class="lb-trans"><p>宏利金融今天（18 日）发布了一份报告，呼吁全球各国政府、雇主和金融机构与时俱进，现代化退休保障框架。报告指出，随着全球人均寿命的增加，退休不再是一个短暂的过渡期，而是一个通常持续 30 到 40 年的生活阶段。</p>
</div><p>By 2050, the global population aged 65 or above is projected to reach 1.6 billion, with nearly two-thirds residing in Asia. Despite this significant demographic shift, many existing retirement protection systems were designed for past eras characterized by shorter lifespans and more linear career paths.</p>
<div class="lb-trans"><p>到 2050 年，全球 65 岁及以上人口预计将达到 16 亿，其中近三分之二居住在亚洲。尽管这一显著的人口结构变化，许多现有的退休保障系统仍是为过去寿命较短、职业路径较为线性的时代设计的。</p>
</div><p>The report also pointed out that overly conservative default retirement investments come at a substantial cost. Manulifes analysis shows that if retirees rely entirely on bonds instead of maintaining an appropriate equity allocation, their monthly retirement income could decrease by more than USD1,200.</p>
<div class="lb-trans"><p>报告还指出，过于保守的默认退休投资会带来巨大的成本。宏利的分析显示，如果退休人员完全依赖债券而不保持适当的股票配置，他们的月退休收入可能会减少超过 1200 美元。</p>
</div><p>Current retirement systems are struggling to cope with the reality of retirement periods lasting up to 40 years. In both advanced and emerging economies, the average income replacement rate has fallen to below 50% of pre-retirement income. In addition, nearly half of retirees are often forced to leave the workforce early due to health issues, caregiving responsibilities or financial pressures.</p>
<div class="lb-trans"><p>当前的退休系统难以应对长达 40 年的退休期现实。在发达经济体和新兴经济体中，平均收入替代率已降至退休前收入的 50% 以下。此外，近一半的退休人员常常因健康问题、照顾责任或经济压力被迫提前离开职场。</p>
</div><p>The report proposes five essential pillars for building robust retirement systems, including (1) Adequacy and longevity protection: focusing on sustainable lifetime income rather than merely account balances at the point of retirement; (2) Accessibility and inclusiveness: ensuring that women, gig workers, part-time employees and low-income individuals are not excluded from formal retirement frameworks due to contribution gaps; (3) Flexibility with protection: granting savers autonomy in investment choices while incorporating safeguards to prevent premature depletion of funds; (4) Building confidence through advice: combining digital planning tools with professional advisory services to simplify complexity and strengthen confidence in critical decisions; and (5) Transparency and accountability: fostering long-term trust through clear disclosure of investment risks, fees and income generation mechanisms. (da/u)</p>
<div class="lb-trans"><p>报告提出了建立稳健退休系统的五个基本支柱，包括（1）充足性和长寿保护：关注可持续的终身收入，而不仅仅是退休时的账户余额；（2）可及性和包容性：确保女性、零工、兼职员工和低收入个人不会因缴费缺口而被排除在正式退休框架之外；（3）灵活性与保护：赋予储蓄者投资选择的自主权，同时纳入保障措施以防止资金的过早耗尽；（4）通过建议建立信心：将数字规划工具与专业咨询服务结合，以简化复杂性并增强对关键决策的信心；（5）透明度和问责制：通过清晰披露投资风险、费用和收入生成机制来促进长期信任。 (da/u)</p>
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宏利金融指出，过于保守的退休投资会带来沉重的代价，并敦促全球进行退休制度改革