Correct Answer : Option (A) - Outlook Group

Outlook Group announces the launch of its highly anticipated retirement planning event, “40After40”, in association with IDFC FIRST Bank.

A one-of-its-kind platform, "40After40" is a two-day event and expo, which will be held at Jio World Convention Centre in Mumbai on January 23-24, 2024.

It’s a one-stop shop for all conversations around timely retirement, panel discussions, chats, masterclasses, interactions with planners, product presentations etc.

The elderly population in India has been rising; it is projected to rise 41 per cent over a decade—from 138 million in 2021 to 194 million in 2031, according to a National Statistical Office (NSO) report, Elderly in India 2021.

Similarly, projections from statista.com for 2021-31 show that the growth rate of the elderly population is expected to be five times the growth rate of the total population. Further, life expectancy in India has also gone up from around 60 years in the late 1990s to around 70 years in 2023 and is only likely to go up further.

In this scenario, it is the need of the hour for individuals of all age groups, and especially those crossing the age of 40, to become conscious and start planning for their retirement years.

The Need For A Retirement Platform :

The event is only one part of the Outlook Money Retirement platform. The Outlook Group, along with IDFC FIRST Bank, aims to approach the key question of retirement through the various print and digital platforms within the group.

“With rising life expectancy and shrinking sizes of families and homes, it’s the need of the hour to have a conversation about and highlight the importance of retirement savings and planning. Outlook Money and IDFC FIRST Bank believe that anyone can save enough for retirement if an individual takes a planned approach with proper guidance. The earlier one starts, the better,” said Nidhi Sinha, editor, Outlook Money.

The retirement initiative is a part of Outlook Money’s commitment towards empowering individuals to achieve financial security and prosperity in their golden years. “Our retirement platform, of which 40After40 is a key part, wants to create awareness and generate debates that can make a material difference in the way people think about their own future and government institutions address their needs,” said Indranil Roy, CEO, Outlook Group.

We aim to reach at least 50 million page views of the retirement-related content that is being created on Outlook Money’s retirement platform to ensure the message goes far and wide..

Source : The Week