Predicting the future

Sound financial planning does not stop at retirement. We may stop working but our pensions now have to work harder and for longer.

Research has revealed 41%* of the UK adult population will run out of retirement income by the time they reach age 85. This is not just about pension shortfalls; we are all aware of the importance of paying into a pension, and due to reform of the state pension system and the closure of many employer final salary schemes, most people do now accept that they are on their own when it comes down to it. We also expect to live longer, but are we really appreciating the implications this has for our retirement plans? A lot of us are facing retirements lasting as long as 30 years or more. Clear...