Nick Elphick, managing director of specialist products, AXA Wealth, considers what the future has in store for ‘traditional', stand-alone products.
I read in the press this week that life expectancy in Britain is increasing by 20 minutes every hour, and that as a whole the nation is woefully unprepared for the financial implications of this*. A fact that was reinforced by our own research this year, which found that the average pension shortfall in the UK was more than 20% and that on average we will be £4,613.96 per year worse off in retirement than we expected. With increasing longevity and a gap in retirement saving, it is increasingly important for consumers to consider the planning options available and how to make the most of ...
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