09/29/2015 12:44 pm ET

People In Asia Want A Higher Retirement Age

Governments in much of the world face the daunting prospect of fierce opposition to raising retirement ages, but in Asia, much of the population wants to see increases.

"If there is a mandatory retirement age, we need to rethink ... whether people support that," Donald Kanak, chairman of Prudential in Asia, told the Milken Institute's Asia Summit earlier this month.

"Whereas we've seen some European countries go into demonstrations when the retirement age was changed relatively small amounts … [within Asia], actually we see a remarkable degree of support," he added.

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