“Suitability concerns over risk tools ‘too crude for clients’”

Feb 15, 2018 | Retirement

Here’s something which might cheer you up: we’re going to live longer than we think. Apparently, most of us think we’re going to shuffle off well before lies, damn lies and statistics say we should. Those in their 50s and 60s give themselves until they’re 80, whereas 90 is more the norm now; and 20 and 30-somethings don’t think they’ll make it far into their 70’s, while they’re likely to crack on well into their 90s.  All of which means we need to save more, which we knew anyway. Doesn’t make it any easier, though.

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“Back to work for people aged 65”

“Back to work for people aged 65”

So is it ‘back to work’ or never stopping? And why? Because we’re cash-strapped and can’t afford to retire? Or healthier and realising that working can actually keep you healthy? Well, it all depends, of course.

“Annuity rates soar to 14-year high”

“Annuity rates soar to 14-year high”

I was asked this week whether annuities are now ‘a good investment’. They’ve been recommended very rarely in recent years, since ‘pension freedoms’ allowed pretty much unlimited drawdown on pension funds and anything left to be passed on to beneficiaries free of Inheritance Tax.

“Retirement Income Group Backs Elton John”

“Retirement Income Group Backs Elton John”

Rock stars who’ve actually made it to retirement age have become great examples of the ‘why retire at 60/65/70 or even 75’ trend. Many healthy enough to carry on working can’t and won’t be able to afford to retire, of course, with the death of final salary pensions, shrinking state benefits and low savings rates.