UK - People want to work, play sport and study at university in their 80s, a new survey by GE Life has found.
The pension provider’s research – which aims to give IFAs a better understanding of the market – shows “major changes” are in store for over-50s in 2030.
Head of demographic studies Michael Stanley said: “Sixty will be the new 40. Over 50s are set to be healthier and more dynamic socially and commercially than any previous generation in their later years.”But he said this meant financial advice would become more complex.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.