New York —The retirement market will grow substantially over the next ten years, according to a study from asset management firm Allianz Global Investors AG (AllianzGI).

Titled “Retirement at Risk: The U.S. Pension System in Transition,” the study substantiates the trend toward individuals bearing more responsibility for their retirement funding, as well as the dismal prospects for Social Security. The potential for funding shortfalls abound, with the current acute financial crisis, skyrocketing health care costs and limited access for many to employer-sponsored plans.

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