To some extent, this emphasis on the bank rather than the nonbank activities of the banking organization was prompted by, or permitted by, management techniques that tended not to treat risk-taking in integrated fashion across the entire holding company.
And studies show that higher life expectancy also means better health.11 If some individuals do need to retire earlier for health reasons, the system of pensions for people with reduced earning capacity is already in place and has recently been expanded considerably. However, this pension system should not be abused for early retirement in general.