The changing face of retirement

With increasing numbers of the population living longer into retirement, the older generation is becoming more diverse than ever before

The subject of retirement seems to occupy a growing amount of newsprint and airtime. The trials and tribulations of pensioners or prospective pensioners never seem far from the minds of the media. The reasons for this focus are quite diverse and highlight the issues facing individuals and their advisers: l The growing number of people reaching retirement and living longer; l Concern about levels of pension savings and the gradual demise of defined benefit and occupational provision; l Declining returns on investments and annuities, and risk issues at and in retirement; l Take-up o...