Retirement idea of retirement is of recent origin, being introduced during the late 19th and early 20th centuries. Previously, low life expectancy and the absence of pension arrangements meant that most workers continued to work until death. Germany was the first country to introduce retirement benefits in 1889. Nowadays, most developed countries have systems to provide pensions on retirement in old age, which may be sponsored by employers or the state. In many poorer countries, support for the old is still mainly provided through the family. Today, retirement with a pension is considered a right of the worker in many societies,
Pensions and Lifetime Savings Association pension funds investment to encourage and facilitate UK pension scheme investment into UK infrastructure. In February 2014 PiP launched its first fund, the £600m PPP Equity PIP LP, which is managed by Dalmore Capital Ltd. Pensions and Lifetime Savings Association The Pensions and Lifetime Savings Association (formerly the National Association of Pension Funds) is a Trade association for those involved in designing, operating, advising and investing in all aspects of workplace pensions. The Pensions and Lifetime Savings Association represents 1,300 pension funds which together provide pensions for 22 million people and have more than £1000 billion of assets. Members' pension