Why equities are essential for growing retirement income

The good news is we are living longer, healthier and more active lives than ever before. As a result, we will, on average, enjoy our retirement years for longer and be fit enough to be active for many of them. Latest figures from the Office of National Statistics predict that one in six of us alive today will live to be 100. That is ten million centurions compared to less than 12,000 now - the monarch is going to be sending out an awful lot of telegrams! While this is great news, the only issue is how are we going to pay for all these extra active years? As the Pensions Minister Steve...