Financial Services Industry
Industry: Email Alert RSS FeedFinancial firms lead the way in flexible retirement planning; Explore working alternatives for their own boomers.(News)
Investment News, October, 2005
Byline: Charles Paikert NEW YORK - With baby boomers poised to begin turning 60 next year, large financial services companies are beginning to deal with the inevitable demographic fallout among planners and advisers. "We've done quite a bit of research, and we know that baby boomers are reinventing retirement,'' said Karen Fowler-Williams, vice president of employee relations and diversity for Philadelphia-based Lincoln Financial Group.
"Many of our employees are in that category, and we know that many are not planning to retire, and we felt that was an issue for which we needed to be prepared.'' As a result of a Lincoln task force on aging workers, the company has created a "paid time off bank'' based on years of service, giving planners...
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