Little planning for looming retirement crisis, BlackRock chief warns

Larry Fink tells investors pension savings failing to keep pace with life-extending medical breakthroughs

The chief executive of the world’s largest asset manager is warning of a future “retirement crisis”, as pension savings fail to keep up with life-extending medical breakthroughs.

In his annual letter to investors, the BlackRock chief executive, Larry Fink, said that establishing “a secure, well-earned retirement” would be one of the greatest economic challenges to face the US in the mid-21st century.

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