The at-retirement market has tripled in the last 15 years and grown wealthier, but with a possible 30 years of retirement ahead of them clients will need to be advised how to make the most of their fund
Arguably the biggest challenge facing the pensions industry is how to stretch clients' funds over three or more decades of retirement. We all know that longevity is increasing. Average male life expectancy at age 65 has grown from 12 years in 1950 to 20.8 years today, and most experts predict that trend to continue. What many people forget is that these figures are averages, which means roughly half the population will live longer than this, some considerably so. The good news is the generation of baby boomers approaching retirement is the first to finish their careers with substantial ...
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