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| Expert: Older workers should invest in stocks |
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| Latest Recruitment News - HR and Recruitment Legislation News |
| Written by DirectNews Feed |
| Friday, 16 July 2010 00:00 |
 An expert said yesterday (July 15th) that workers in the City of London and throughout the nation should consider investing in the stock market as they approach retirement age.According to Latih Khalaf, pensions analyst at Hargreaves Lansdown, older people in employment ranging from PA jobs and administration jobs to office manager jobs can increase the amount their pension yields by making investments in sectors such as the FTSE 100 share index. "If you're 50 and have 15 years until retirement, I'd say invest in the stock market," advised Mr Khalaf. LV= published a report yesterday showing that despite some improvements in the nation's equity markets over the last 12 months, fewer that one in 12 of Britain's non-retires over-50s have upped their pension savings during this period. But Mr Khalaf maintained that 50 is the ideal age at which to do this, as it will deliver "better returns" for contributors as they enter the final period of their employment. Posted by James Strang 
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