pensions industry

The pensions industry manages savings set aside during a person’s working years to provide income after retirement. Employers and employees contribute regularly into pension funds, which are invested to grow over time. When individuals retire, they receive regular payments from these funds, enabling financial stability in later life. The industry includes pension providers, fund managers, and regulators who oversee fair practices and responsible investments. Its goal is to ensure that enough funds are accumulated to support retirees, balancing risk and growth to meet future financial needs.