Crunch time for retirees

The government is at last tackling some of the issues raised by increasing longevity. However, at present many elderly people face more immediate pressures, which are likely to worsen in the coming months. From an adviser's perspective, much of what is being proposed now could have a material impact in a fairly short timeframe, especially if the proposals are targeted as suggested. In the very short term, many elderly people are facing a financial crisis. While the cost of living for everyone is increasing at above the government's target rates, the elderly are particularly affected. Th...