Increasing longevity continues to present challenges for those planning their retirement. Bernard Footitt discusses some of these issues
"And all the days of Methuselah were nine hundred and sixty and nine years: and he died" (Genesis 5:27 - American Standard Version). To which I say "I should think so!" Seriously though, increasing longevity brings more and more challenges to the world, and not least the pensions world. Let's examine some aspects of increasing longevity, the impact on people, pension providers and government as well as some indicative data. Longevity The United Nations population forecasts, 2004 predicted the following: - By 2005, 51% of the UK's population would be 50 or over; - By 2010 this woul...
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