The BlackRock Retirement Institute (BRI) is targeting long term savers and investors in Spain and Portugal with financial education, amid predictions that some 30% of the Spanish population will be aged 65 or older by 2050.
Echoing others’ calls for improvement to financial planning, BRI will provide global information selected by experts from both within the company and externally, and seeks to financially educate investors, helping them to identify the best solutions for retirement.
Among the content already available on the Spanish website – the initial phase of this initiative – are the following studies: Demographics and Destiny, by Bruce Wolfe (executive director of the BRI) and Russ Koesterich, fund manager BGF Global Allocation; To materialize the dreamed retirement, you literally must dream about it, by Sheena Lyengar, ST Lee business professor and faculty director of the Eugene Lang Entrepreneurship Center, Columbia Business Empowerment; And Retirement in an Automated Economy, by Stuart W. Elliot, a member of the Education and Skills Division of the Organization for Economic Co-operation and Development (OECD).
Aitor Jauregui, BlackRock Iberia business development manager, said: “For years, BlackRock’s team has been working closely with institutions and individuals to foster financial education and thus prepare society for retirement. In particular, we have seen how significant changes are being made in Spain at the regulation, industrial and individual levels to adapt to the ageing that the population is experiencing. It is at this time that not only BlackRock, but all the financial players involved in the process, must carry on collaborating and innovating on this matter.”